Question: Nothing additional Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense

Nothing additional

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million 11. If ECE reported $15 million in net income, then ECE's Return on Equity (ROE) is: A) 5.0% B) 7.5% C) 10.0% D) 15.0%

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