Question 4
Frederico's has a net income of ₹ 29,600, a total asset turnover of 1.4, total assets of ₹ 3,18,600, and a debt-equity ratio of .35. What is the return on equity?
16.72 percent
8.40 percent
12.54 percent
14.67 percent
Frederico's has a net income of ₹ 29,600, a total asset turnover of 1.4, total assets of ₹ 3,18,600, and a debt-equity ratio of .35. What is the return on equity?
16.72 percent
8.40 percent
12.54 percent
14.67 percent
Correct answer
12.54 percent
Question 4 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.