Mike's Place has total assets of $152,080, a debt-equity ratio of .62, and net income of $14,342 What is the return on equity?
A)13.48 percent
B)13.73 percent
C)15.74 percent
D)15.28 percent
E)14.61 percent

Question

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The Answer of Mike's Place has total assets of $152,080, a debt-equity ratio of .62, and net income of $14,342 What is the return on equity?
A)13.48 percent
B)13.73 percent
C)15.74 percent
D)15.28 percent
E)14.61 percent

Mike's Place Has Total Assets of $152,080, a Debt-Equity Ratio