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A firm has sales of $ 3 6 7 , 4 0 0 , costs of $ 1 8 3 , 6 0 0 ,

A firm has sales of $367,400, costs of $183,600, depreciation of $48,600, interest of $39,200, and a tax rate of 25 percent. The firm has total assets of $422,100, long-term debt of $102,000, net fixed assets of $264,500, and net working capital of $22,300. What is the return on equity?
17.06 percent
38.96 percent
29.96 percent
15.38 percent
24.26 percent
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