Percentage of the financial records of carter health system

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Reference no: EM131276160

A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare a financial report. You have found the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million and the amount of debt financing was $800,000, what was Carter's return on equity?

1) 13.8 percent

2) 18.0 percent

3) 19.2 percent

4) 21.6 percent

5) 25.8 percent

Reference no: EM131276160

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