Question
ABC Corp Financial Data for the year 2011 Net Sales = $ 18 million Total assets = $ 13 million Total Debt = $ 3.8
ABC Corp Financial Data for the year 2011
Net Sales = $ 18 million
Total assets = $ 13 million
Total Debt = $ 3.8 million
Profit Margin = 8%
From the above data, we can say that the ABC's Return on Equity (ROE) in 2011 was:
a.8.00%
b.29.00%
c.15.65%
d.21.00%
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
