Barrett, Inc., has a total debt ratio of .65, total debt of $353,000, and net income of

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Barrett, Inc., has a total debt ratio of .65, total debt of $353,000, and net income of $20,750. What is the company’s return on equity?

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 26, 2019 09:28 AM

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Barrett, Inc., has a total debt ratio of .65, total debt of $353,000, and net income of

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To find the ROE we need the equity balance Since we hav...View the full answer

Essentials of Corporate Finance

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