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

question 60

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 %

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