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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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