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Please only answer problem 2!! Problem 1: Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding,
Please only answer problem 2!!
Problem 1: Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt ratio was 44%. How much debt was outstanding? Problem 2: A fire has destroyed a large percentage of the financial records of the Strongwell Co. You have the task of piecing together information to release a financial report. You have found the return on equity to be 13.8 percent. Sales were $979,000, the total debt ratio was 0.42 , and the total debt was $548,000. What is the return on assetsStep by Step Solution
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