Millers
Metalworks, Inc. has a total asset turnover of 2.5 and a net profit
margin of 3.5%. The total debt ratio for the firm is 50%. Calculate
Millers’s return on equity.
a. 17.5%
b. 19.5%
c. 21.5%
d. 23.5%
a. 17.5%
b. 19.5%
c. 21.5%
d. 23.5%
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