Question
A fire has destroyed a large percentage of the financial records of the Stable Construction Inc. You have the task of piecing together information in
A fire has destroyed a large percentage of the financial records of the Stable Construction Inc. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 13.8 percent. Sales were $979,000, the total debt ratio was 0.42, and total debt was $548,000. What is the return on assets?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
