问题
单项选择题
The following data pertains to a company’s common-sized financial statements. Current assets 40% Total debt 40% Net income 16% Total assets $ 2000 Sales $1500 Total asset turnover ratio0.75 The firm has no preferred stock in its capital structure. The company’ s after-tax return on common equity is :（）
A. 15%.
B. 16%.
C. 20%.
答案
参考答案：C
解析：
If the debt ratio (TD/TA) is equal to 40% and the firm has no preferred stock, the percentage of equity is 1 -0.40, or 60%.