Millers Metalworks, Inc. has a total asset turnover of 2.5 - 3067

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Millers Metalworks, Inc. has a total asset turnover of 2.5 and a net profit margin of 3.5%. The total debt ratio for the firm is 50%. Calculate Millers's return on equity. 
a. 17.5%
b. 19.5%
c. 21.5%
d. 23.5%

 

Solution Description

Millers Metalworks, Inc. has a total asset turnover o