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Fresh Market has net income of $125,000. There are currently 37.42 days' sales in receivables. Total assets are $1,620,000, total receivables are $155,000, and the

Fresh Market has net income of $125,000. There are currently 37.42 days' sales in receivables. Total assets are $1,620,000, total receivables are $155,000, and the debt-equity ratio is .43. What is the return on equity?
a.

10.96%

b.

11.17%

c.

11.19%

d.

Answer can not be found.

e.

11.03%

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