Determining the return on equity


Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt ratio of 78 percent. What is the return on equity?

13.09 percent

16.67 percent

17.68 percent

28.56 percent

32.14 percent

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Finance Basics: Determining the return on equity
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