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Moontopia has net income of $149,200, sales of $936,800, a total asset turnover of 1.35, and an equity multiplier of 1.5. What is the return
Moontopia has net income of $149,200, sales of $936,800, a total asset turnover of 1.35, and an equity multiplier of 1.5. What is the return on equity?
A. 6.67 percent B. 15.93 percent C. 32.25 percent
D. 42.21 percent E. 44.09 percent
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