Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

ABC Inc., has a debt-to-equity ratio of 1, total debt of 5315,000, and net income of $38,250. What is this company's return on equity (ROE)?

ABC Inc., has a debt-to-equity ratio of 1, total debt of 5315,000, and net income of $38,250. What is this company's return on equity (ROE)? A) 10.29% B) 12.1% C) 14.3% D. 16.4%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance Finance For Small Business

Authors: Philip J. Adelman

1st Edition

0138129835, 9780138129835

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain why some finance companies are associated with automobile manufacturers. Why do some of these finance companies offer below-market rates on loans?

Answered: 1 week ago

Question

★★★★★

Dynamic type binding is closely related to implicit heap-dynamic variables. Explain this relationship.

Answered: 1 week ago

Question

★★★★★

1. Elementary students should get papers back the day after they are handed in.

Answered: 1 week ago

Question

★★★★★

Keefe Energy, Inc., a U.S. firm, enters into a joint venture with Energia Guerra, S.A., a Mexican firm, to build and operate a coal-fired electric-power generating plant with an estimated useful life...

Answered: 1 week ago

Question

★★★★★

9. John purchased ABC Hotel's stock last year for $56.50. The stock is currently trading at $68.25. What is John's return on investment? a. 21% b. 17% c. 21% d. 17% 10. J\&J Restaurant just paid...

Answered: 1 week ago

Question

★★★★★

1. How does the Structure/Conduct/Performance framework differ from Porter's Forces? In what ways are they similar

Answered: 1 week ago

Question

★★★★★

Suppose that L is a location function of an object, given as L(t) instantaneous velocity of the object at t First we compute and simplify L(5+ h). L(5+ h) = = 2t 1. We will compute the 5 as follows....

Answered: 1 week ago

Question

★★★★★

Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Debit Balance Credit Balance Cash $ 4,200 Accounts receivable $ 300 Accounts payable $ 1,100 H. Jones,...

Answered: 1 week ago

Question

★★★★★

A physician hopes to advocate for a new medical records system that he believes will save his department money. He has a good idea of the money that can be saved each year, and has received several...

Answered: 1 week ago

Question

★★★★★

Provide a Situation Analysis: Review the current situation facing Suez Canal and develop in detail the PESTLE Analysis looking at the Strengths, Weaknesses, Opportunity, and Threats (SWOT) analysis,...

Answered: 1 week ago

Question

★★★★★

5.29 The fighter aircraft F/A-18 (Hornet) has a takeoff mass of 25,400 kg, a wing area of 37.16 m, and two turbofan engines that each produces 71.2 kN of thrust. If AR = 3.5, e = 0.85, CD, = 0.02 a....

Answered: 1 week ago

Question

★★★★★

5.6 Describe alternatives to recruitment?

Answered: 1 week ago

Question

★★★★★

5.4 Identify external recruitment sources.

Answered: 1 week ago

Question

★★★★★

As part of the buyout package, the company will continue to pay its share of health insurance during the severance period. If Miller Furniture pays $100 per week for each employee to have health...

Answered: 1 week ago

Previous Question Next Question