Little's Inc. provides a 10% return on equity. Sales are $100,000 on total assets of $140,000 and total equity of $85,000. What is the profit margin?
A) 6.07%
B) 8.50%
C) 10.00%
D) 11.77%
E) 14.00%

Question

Quizplus · Accepted Answer

The Answer of Little's Inc. provides a 10% return on equity. Sales are $100,000 on total assets of $140,000 and total equity of $85,000. What is the profit margin?
A) 6.07%
B) 8.50%
C) 10.00%
D) 11.77%
E) 14.00%