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White Lucent Company has following information, sales-$400,000; depreciation-45,000 cost of goods sold 5180,000; interest-$35,000, and a tax rate or 20 percent. White Lucent Company has

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White Lucent Company has following information, sales-$400,000; depreciation-45,000 cost of goods sold 5180,000; interest-$35,000, and a tax rate or 20 percent. White Lucent Company has total assets of $440,000, long term debt of $100.000, net fixed assets of $250,000, and networking capital of 525,000. What is the return on equity? a. 52 percent b. 64 percent c. 60 percent d. 51.25 percent e: 54.67 percent Clear my choice

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