Theodore's Corner Market has a debt-equity ratio of 60 %, sales of $318,000, net income of $24,900, and total debt of $112,500. What is the return on equity?
A) 13.28 %
B) 14.67 %
C) 14.82 %
D) 15.43 %
E) 16.09 %

Question

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The Answer of Theodore's Corner Market has a debt-equity ratio of 60 %, sales of $318,000, net income of $24,900, and total debt of $112,500. What is the return on equity?
A) 13.28 %
B) 14.67 %
C) 14.82 %
D) 15.43 %
E) 16.09 %

Theodore's Corner Market Has a Debt-Equity Ratio of 60