Baker's Used Autos Has Sales of $638,400, Total Assets of $524,200

question 285

Multiple Choice

Baker's Used Autos has sales of $638,400, total assets of $524,200, and a profit margin of 9.8 %. The firm has a total debt ratio of 35 %. What is the return on equity?

• A) 11.93 %
• B) 14.47 %
• C) 18.36 %
• D) 21.05 %
• E) 28.00 %

---

Definitions:

Report Layout View

A feature in report-generating software that allows users to see and edit the layout and format of a report while viewing the data as it will appear in the final output.

Standard Format

A recognized or widely accepted arrangement or structure for data, text, files, etc., ensuring compatibility and interoperability.

Date And Time

Functions or features in computing and applications that track and manage chronological information.

Group & Sort

A function in databases and software applications that arranges data into meaningful groups and orders it within those groups.