Total assets = $500,000, total asset turnover = 1.40, total debt ratio = 0.30, return on...

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Finance

Total assets = $500,000, total asset turnover = 1.40, total debtratio = 0.30, return on assets = 8.60%. What is the return onequity?
A.
Below 6.55%
B.
Between 6.55% and 8.05%
C.
Between 8.05% and 9.55%
D.
Between 9.55% and 11.05%
E.
Between 11.05% and 12.55%
F.
Between 12.55% and 14.05%
G.
Between 14.05% and 15.55%
H.
Above 15.55%

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Return on equity Net income Shareholders equity i Calculation of shareholders equity a Total debt ratio Total liabilities Total assets Here Total debt ratio 030 Total See Answer

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	A.	Below 6.55%
	B.	Between 6.55% and 8.05%
	C.	Between 8.05% and 9.55%
	D.	Between 9.55% and 11.05%
	E.	Between 11.05% and 12.55%
	F.	Between 12.55% and 14.05%
	G.	Between 14.05% and 15.55%
	H.	Above 15.55%