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Last year Harrington Inc. had sales of S325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to- total capital

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Last year Harrington Inc. had sales of S325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to- total capital ratio was 5.0%. The rmfinances using only debt and common equity and its total assets equal total invested capital What was the ROE? Do not round your intermediate calculations 11.09% 8.85% 8.94% 9.03%

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