Question
Fortinbras Exports has a net income of $126 million, total equity of $27 million, a debt to equity ratio of 1.3, and a retention rate
Fortinbras Exports has a net income of $126 million, total equity of $27 million, a debt to equity ratio of 1.3, and a retention rate of 65%, The company's ROA is closest to:
| A. | 2.0290%. | |
| B. | 6.977%. | |
| C. | 10.733%. |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
