The following information relates to JK Associates: Tax burden ratio $=0\mathrm{.}74$ Interest burden ratio $=1\mathrm{.}01$ EBIT margin $=0\mathrm{.}24$ Asset turnover $=1\mathrm{.}23$ Financial leverage $=1\mathrm{.}57$ JK Associates' ROE is closest to:

Question $40$Select one:

a$.$

$46\mathrm{.}81\%$

b$.$

$46\mathrm{.}35\%$

c$.$

$34\mathrm{.}64\%$

Answer rating: 100% (QA)

The detailed answer for the above question is provided b... View the full answer