Question
A company has a debt-equity ratio of 1.5 and a total asset turnover ratio of 2. If the company's net income is $100,000, what is
A company has a debt-equity ratio of 1.5 and a total asset turnover ratio of 2. If the company's net income is $100,000, what is the company's return on equity (ROE)?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
