The Saw Mill has a return on assets of 6.1 percent,a total asset turnover rate of 1.8,and a debt-equity ratio of 1.6.What is the return on equity?
A) 4.26 percent
B) 9.76 percent
C) 12.28 percent
D) 15.86 percent
E) 19.03 percent
Correct Answer:
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