Lawn Care, Inc., has sales of $367,400, costs of $183,600, depreciation of $48,600, interest of $39,200, and a tax rate of 25 percent. The firm has total assets of $422,100, long-term debt of $102,000, net fixed assets of $264,500, and net working capital of $22,300. What is the return on equity?
A) 24.26 percent
B) 15.38 percent
C) 38.96 percent
D) 29.96 percent
E) 17.06 percent
Correct Answer:
Verified
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