Taylor's Men's Wear has a debt-equity ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $198,400. What is the return on equity?
A) 7.79 percent
B) 8.41 percent
C) 8.74 percent
D) 9.09 percent
E) 9.16 percent
Correct Answer:
Verified
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