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17. Last year Harrington Inc. had sales of $325,000 and a profit margin of 5.85%, and its year-end total assets were $250,000. The firm's total
17. Last year Harrington Inc. had sales of $325,000 and a profit margin of 5.85%, and its year-end total assets were $250,000. The firm's total equity was $137,500. Based on the DuPont equation, what was the ROE? a. 13.83% b. 14.51% c. 15.23% d. 16.00% e. 16.80%
17. Last year Harrington Inc. had sales of $325,000 and a profit margin of 5.85%, and its year-end total assets were $250,000. The firm's total equity was $137,500. Based on the DuPont equation, what was the ROE?
a. 13.83%
b. 14.51%
c. 15.23%
d. 16.00%
e. 16.80%
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