Question
Assume ABC Corp. had $5,000,000 in revenues and the profit margin of 12%. If ABC Corp. also had $8,500,000 in total assets and had the
Assume ABC Corp. had $5,000,000 in revenues and the profit margin of 12%. If ABC Corp. also had $8,500,000 in total assets and had the debt ratio of 40%, what was ABC Corp's Return on Equity (ROE)?
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
