Question: Pilgrims Enterprises reports Sales = $ 3 , 5 0 0 , Net Income = $ 1 5 0 , Total Assets Turnover = 1

Pilgrims Enterprises reports Sales = $3,500, Net Income = $150, Total Assets Turnover =1.5.and a Debt Ratio =40%. What is the company's Return on Equity (ROE)?
2.9%
4.8%
12.9%
10.7%
3.9%

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