Exhibit 19-4
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

Exhibit 19-4
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
You are provided with the following information about MaxCorp. $\begin{array}{lr}\text { Net sales } & 5000 \\\text { Total Assets } & 3000 \\\text { Depreciation } & 260 \\\text { Net Income } & 600 \\\text { Long term Debt } & 2000 \\\text { Equity } & 2160 \\\text { Dividends } & 160\end{array}$
-Refer to Exhibit 19-4. Calculate the return on equity (ROE) .

A) 20.4%
B) 17.8%
C) 22.4%
D) 27.8%
E) 30.4%