Question: 1
(Choose 1 answer)
In the latest year. Photon, Inc. reported $276,000 in net income. The firm maintains a debt ratio of 30 percent and
has total assets of $3,000,000. What is Photon's return on equity? (Round your percentage answer to one
decimal place.)
A. 13.1%
B. 14.6%
C. 22.5%
D. 18.7%
