Freedom Health Centers has total equity of $861,300,sales of $1.48 million,and a profit margin of 5.2 percent.What is the return on equity?
A)5.82 percent
B)6.49 percent
C)7.18 percent
D)8.68 percent
E)8.94 percent

Name: Freedom Health Centers has total equity of $861,300,sales of $1.48 million,and a profit margin of 5.2 percent.What is the return on equity? A)5.82 percent B)6.49 percent C)7.18 percent D)8.68 percent E)8.94 percent
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Question

Quizplus · Accepted Answer

Return on equity = (0.052 × $1,480,000)/$861,300 = 8.94 percent

Freedom Health Centers Has Total Equity of $861,300,sales of $1