Question 23 Incorrect 0.00 points out of 1.00 P Flag question Assume the following information: accounts receivable $500,000, cash $5,000,000, all other current assets $1,500,000, fixed assets and other investments $25,000,000, current liabilities $6,000,000, long-term liabilities $20,000,000, credit sales $2,500,000, profit before taxes $2,500,000. What is the return on owner's equity ratio? Select one: a. 0.09 x b. 0.06 C. 0.42 d. None of the above The correct answer is: 0.42