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AAAs revenues for 2023 were $277,850 and the firms gross profit was 37.92% of sales. All other pre-tax operating expenses including depreciation and amortization were
AAAs revenues for 2023 were $277,850 and the firms gross profit was 37.92% of sales. All other pre-tax operating expenses including depreciation and amortization were $25,870, total interest expense was $38,917.85, and the corporate tax rate was 25%. Given the information, AAAs return on equity (ROE) is closest to
A.
18.91%.
B.
23.37%.
C.
27.91%.
D.
30.87%.
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