(Answered) During the latest year ruth corp had sales of 300000 and a

Finance

During the latest year Ruth Corp. had sales of $300,000 and a net income of $20,000, and its year-end assets were $200,000. The firm's total debt to total assets ratio was 40%. Based on the Du Pont equation, what was the firm's ROE?

A. 15.33%

B. 15.67%

C. 16.00%

D. 16.33%

E. 16.67%

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