DuPont Analysis You are considering investing in Totally Tire Services.You have been able to locate the following information on the firm: total assets = $50 million,accounts receivable = $10 million,ACP = 15 days,net income = $4.5 million,and debt-to-equity ratio = 0.75 times.What is the ROE for the firm?
A) 1.58 percent
B) 9.00 percent
C) 15.75 percent
D) 28.81 percent
Correct Answer:
Verified
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