A firm has a capital structure of 60% debt and 40% equity. Total liabilities and equity equal $250,000. If net income is $15,000, the return on equity is Select one: O a. 60% O b. Not enough information C. 30% O d. 15% Next page

A firm has a capital structure of 60% debt and 40% equity. Total liabilities and equity equal $250,000. If net income is $15,000, the return on equity is Select one: a. 60% b. Not enough information c. 30% d. 15%