Question
A company has net income of $1 million and revenue of $10 million. Its total debt ratio is 50% and total assets are $20 million.
A company has net income of $1 million and revenue of $10 million. Its total debt ratio is 50% and total assets are $20 million. What is the firm's return on equity? (enter your answer as a decimal, for instance .5)
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
