During the latest year ruth corp. had sales of 300000 and a, Ask an Expert

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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?

15.33%

15.67%

16.00%

16.33%

16.67%

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Category:- Basic Finance
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