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Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2. What is

Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2. What is Cliff Corp.s ROA?

Select one:

a. 8.70%

b. 18.92%

c. 19.14%

d. 22.12%

e. None of the above.

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