问题
单项选择题
Study the following information, calculate the return on equity. The asset turnover (S/A) is 2.5. A leverage multiplier (A/E) is 1.2. An interest expense ratio (L/A) is 0.08. A tax retention rate (1-t) is 0.6. Pre-interest profit margin (EBIT/S) is 20 percent.（）
A. 30%.
B. 32%.
C. 34%.
答案
参考答案：A
解析：
ROE = [ (S/A) (EBIT/S) - (I/A) ] (A/EQ) (1 -t) ROE = [ (2.5) (0.2) - (0.08) ] (1.2) (0.6) =0.30 or 30%