Question
Reliable Cars has sales of $4,070, total assets of $3,450, and a profit margin of 5 percent. The firm has a total debt ratio of
Reliable Cars has sales of $4,070, total assets of $3,450, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
12.20 percent
5.90 percent
14.39 percent
8.47 percent
10.00 percent
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
