The Dennis Company reported net income of $51,000 on sales of $310,000. The company has average total assets of $515,000 and average total liabilities of $110,000. What is the company's return on equity ratio?
A) 16.4%
B) 9.9%
C) 46.36%
D) 12.6%

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The Answer of The Dennis Company reported net income of $51,000 on sales of $310,000. The company has average total assets of $515,000 and average total liabilities of $110,000. What is the company's return on equity ratio?
A) 16.4%
B) 9.9%
C) 46.36%
D) 12.6%

The Dennis Company Reported Net Income of $51,000 on Sales