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Phi Ltd. has the following financial information: Total assets: $500,000 Total liabilities: $200,000 Equity: $300,000 Sales revenue: $400,000 Net income: $50,000 Calculate the following ratios
Phi Ltd. has the following financial information:
- Total assets: $500,000
- Total liabilities: $200,000
- Equity: $300,000
- Sales revenue: $400,000
- Net income: $50,000
Calculate the following ratios for Phi Ltd.: a) Debt-to-equity ratio b) Return on equity (ROE)
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
978-1111530761
