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QUESTION 8 Last year Ayna Corporation had sales of $800,000 and a net income of $45,000, and its year-end assets were $550,000. The firm's total
QUESTION 8 Last year Ayna Corporation had sales of $800,000 and a net income of $45,000, and its year-end assets were $550,000. The firm's total debt-to-total-assets ratio was 40%. Based on the DuPont equation, what was the ROE(Return on Equity) ratio? 13.6% 8.18% 1.45% 3.3%
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