Question
Assume ABC Corp. had $5,600,000 in revenues and the profit margin of 12%. If ABC Corp. also had $9,500,000 in total assets and had the
Assume ABC Corp. had $5,600,000 in revenues and the profit margin of 12%. If ABC Corp. also had $9,500,000 in total assets and had the debt ratio of 53%, what was ABC Corp's Return on Equity (ROE)?
Group of answer choices
15.05%
7.07%
11.53%
13.12%
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
