Question: Guinnevere has a total debt of $6,000, sales of $35,000 and a total debt ratio of 0.6. If Guinnevere's profit margin is 10%, what is

Guinnevere has a total debt of $6,000, sales of $35,000 and a total debt ratio of 0.6. If Guinnevere's profit margin is 10%, what is Guinnevere's return on assets?

Multiple Choice

  • 0.35

  • 3.5

  • 0.10

  • 0.029

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