Problem:
Lee Sun's has sales of $4,000, total assets of $3,700, and a profit margin of 7 percent. The firm has a total debt ratio of 30 percent.
Required:
What is the return on equity?
- 7.57 percent
- 9.25 percent
- 10.81 percent
- 9.33 percent
- 7.00 percent
Note: Please provide full description.