Taylor's Men's Wear has a debt-equity ratio of 48 percent, sales of $829,000, net income of $47,300, and total debt of $206,300. What is the return on equity?
A) 19.29 percent
B) 11.01 percent
C) 15.74 percent
D) 18.57 percent
E) 14.16 percent
Correct Answer:
Verified
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