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Yon Furniture Store has $60 million of sales and $14 million of net income. Its total assets are $220 million. Assume accounts payable are $15

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Yon Furniture Store has $60 million of sales and $14 million of net income. Its total assets are $220 million. Assume accounts payable are $15 million, accruals are $7 million, and notes payable are $5 million. The firm's capital structure consists of 27% debt and 73% common equity. The firm's interest expense is $2.76 million and its tax rate is 21% What is the firm's ROE? 8.72 percent 8.55 percent 4.65 percent 8.32 percent None of the answer options is within 0.1% of the correct answer. 00

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