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Last year Heaton Corp. had sales of $ 3 1 5 , 0 0 0 and a net income of $ 1 7 , 2

Last year Heaton Corp. had sales of $315,000 and a net income of $17,299, and its year-end assets were $265,000. The firm's total-debt-to-total-assets ratio was 30.0%. Based on the DuPont equation, what was Heaton's ROE?
a.13.32%
b.9.33%
c.7.85%
d.5.49%
e.6.53%

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