Gondi Irrigation paid dividends of

$3,300

and total equity of

$39,450

. The debt-equity ratio is 1 and the plowback ratio is 40 percent. What is the return on assets?\ Multiple Choice\

6.09%

\

6.97%

\

5.72%

\

7.23%

\

6.24%

Gondi Irrigation paid dividends of $3,300 and total equity of $39,450. The debt-equity ratio is 1 and the plowback ratio is 40 percent. What is the return on assets? Multiple Choice 6.09% 6.97% 5.72% 7.23% 6.24%