Mercier United has net income of $128,470.There are currently 32.67 days' sales in receivables.Total assets are $1,419,415, total receivables are $122,306, and the debt-equity ratio is .40.What is the return on equity?
A)11.42 percent
B)12.67 percent
C)13.09 percent
D)13.48 percent
E)15.03 percent

Question

Quizplus · Accepted Answer

The Answer of Mercier United has net income of $128,470.There are currently 32.67 days' sales in receivables.Total assets are $1,419,415, total receivables are $122,306, and the debt-equity ratio is .40.What is the return on equity?
A)11.42 percent
B)12.67 percent
C)13.09 percent
D)13.48 percent
E)15.03 percent

Mercier United Has Net Income of $128,470