Multiple Choice
The Furniture Barn has a profit margin of 8.7 %, a return on assets of 11.6 %, and an equity multiplier of 1.87. What is the return on equity?
A) 17.14 %
B) 19.87 %
C) 20.67 %
D) 21.69 %
E) 24.08 %
Correct Answer:
Verified
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