Profitability and Asset Management Ratios You Are Thinking of Investing

Profitability and Asset Management Ratios You are thinking of investing in Wave Runnerz,Inc.You have only the following information on the firm at year-end 2013: net income = $10 million,total debt = $65 million,and debt ratio = 35 percent.What is Wave Runnerz's ROE for 2013?

A) 8.28 percent
B) 15.38 percent
C) 28.57 percent
D) 43.96 percent

Correct Answer:

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