Last Year Harrington Inc

question 83

Multiple Choice

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-assets ratio was 45.0%. Based on the DuPont equation, what was the ROE?

• A) 13.82%
• B) 14.51%
• C) 15.23%
• D) 16.00%
• E) 16.80%