Samuelson's has a debt-equity ratio of 45 percent, sales of $11,000, net income of $2,300, and total debt of $11,700. What is the return on equity? a. 4.50 percent. b. 20.91 percent. c. 8.85 percent. d. 19.66 percent. e. 6.10 percent.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Samuelson's has a debt-equity ratio of 45 percent,
sales of $11,000, net income of $2,300, and total debt
of $11,700. What is the return on equity?
a. 4.50 percent.
b. 20.91 percent.
c. 8.85 percent.
d. 19.66 percent.
e. 6.10 percent.
Transcribed Image Text:Samuelson's has a debt-equity ratio of 45 percent, sales of $11,000, net income of $2,300, and total debt of $11,700. What is the return on equity? a. 4.50 percent. b. 20.91 percent. c. 8.85 percent. d. 19.66 percent. e. 6.10 percent.
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