If Turnpoint Inc

question 100

Multiple Choice

If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is its return on equity (ROE) ?

• A) 13.3%
• B) 8%
• C) 66.7%
• D) 2%

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