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Jins Appliances has a return-on-assets (investment) ratio of 15 percent. If the debt-to-total-assets ratio is 40 percent, what is the return on equity? Note: Input
Jins Appliances has a return-on-assets (investment) ratio of 15 percent. If the debt-to-total-assets ratio is 40 percent, what is the return on equity?
Note: Input your answer as a percent rounded to 2 decimal places.
If the firm had no debt, what would the return-on-equity ratio be?
Note: Input your answer as a percent rounded to 2 decimal places
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