Question
Candy Games Inc. expects the following numbers for next year: Sales: $59,000,000 Costs: $45,000,000 (excluding depreciation) Depreciation: $5,000,000 Interest: 2,000,000 Tax rate: 29% Total assets:
Candy Games Inc. expects the following numbers for next year:
Sales: $59,000,000
Costs: $45,000,000 (excluding depreciation)
Depreciation: $5,000,000
Interest: 2,000,000
Tax rate: 29%
Total assets: $110,000,000
Debt-to-equity ratio: 2
What is the expected return on equity?
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Snap Judgment When To Trust Your Instincts When To Ignore Them And How To Avoid Making Big Mistakes With Your Money
Authors: David E. Adler
1st Edition
0137147783,0137037090
