Find the ROE (return on equity) for XYZ Corporation given the following information:

 

 

 

Total Assets: $2,500

 

 

 

Profit Margin Ratio: 15%

 

 

 

Total Debt Ratio: 40%

 

 

 

Sales: $2,000

 

 

 

Group of answer choices

 

 

 

15%

 

 

 

25%

 

 

 

20%

 

 

 

12%

 

 

 

18%