Question
Last year BestCare had $32,000,000 in total revenues. The companys net income was $400,000, its ROE was 14%, and its total assets turnover was 6.0.
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Last year BestCare had $32,000,000 in total revenues. The companys net income was $400,000, its ROE was 14%, and its total assets turnover was 6.0. The company was financed entirely with debt and equity.
What was BestCares Equity? (Note, you can use the answers from previous questions about BestCare to solve each consecutive question).
a. $1,300,257
b. $2,546,700
c. $2,857,143
d. $300,000
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Forward Lease Sukuk In Islamic Capital Markets Structure And Governing Rules
Authors: Ahcene Lahsasna , M. Kabir Hassan , Rubi Ahmad
1st Edition
3319942611,331994262X
