41.

Elijah Inc. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days, receivables of P150,000, total assets of P3 million, and a debt ratio of 0.64. What is the firm's return on equity (ROE)? Assume a 365- day year. O 8.1% 33.4% ho 07.1% 0 3.4%