Nadine Enterprises Has Total Assets of $240,000, a Debt- Equity

question 50

Multiple Choice

Nadine Enterprises has total assets of $240,000, a debt- equity ratio of 0.60, and a return on assets of 9%. What is the return on equity?

• A) 5.6%
• B) 14.4%
• C) 15.0%
• D) 5.4%

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