Mike's Place Has Total Assets of $152,080, a Debt-Equity Ratio

question 4

Multiple Choice

Mike's Place has total assets of $152,080, a debt-equity ratio of .62, and net income of $14,342 What is the return on equity?

• A)13.48 percent
• B)13.73 percent
• C)15.74 percent
• D)15.28 percent
• E)14.61 percent