Question
I used my calculator but the answer did not come out correct. I need to solve for ROE. ROE = (Net Income/Sales)*(Sales/Total Assets)*(1/1-debt ratio) ROE
I used my calculator but the answer did not come out correct. I need to solve for ROE.
ROE = (Net Income/Sales)*(Sales/Total Assets)*(1/1-debt ratio)
ROE = (10036/69980)*(69980/34950)*(1/1-34.3)
ROE = ?
Rounded to one decimal place
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
