Lee Sun's Has Sales of $3,000, Total Assets of $2,500

question 8

Multiple Choice

Lee Sun's has sales of $3,000, total assets of $2,500, and a profit margin of 5%.The firm has a total debt ratio of 40%.What is the return on equity?

• A)6%
• B)8%
• C)10%
• D)12%
• E)15%

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