If a company has a debt/equity ratio of 0.80, a return on assets of 9.7%, and a total equity of $735,000, what is assets/equity? return on equity? net income?
a) Assets/Equity = 1.25; Return on Equity = 12.13%; Net Income = $71,295
b) Assets/Equity = 0.80; Return on Equity = 9.7%; Net Income = $71,295
c) Assets/Equity = 1.25; Return on Equity = 9.7%; Net Income = $71,295
d) Assets/Equity = 0.80; Return on Equity = 12.13%; Net Income = $71,295
