Question
Hello Mickey's has sales of $363,000, total assets of $323,500, and a net profit margin of 14.6 percent. The firm has a debt-to-equity ratio of
Hello Mickey's has sales of $363,000, total assets of $323,500, and a net profit margin of 14.6 percent. The firm has a debt-to-equity ratio of 54 percent. What is the return on equity?
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
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