Question
Reliable Cars has sales of $4,090, total assets of $3,250, and a profit margin of 5 percent. The firm has a total debt ratio of
Reliable Cars has sales of $4,090, total assets of $3,250, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
Multiple Choice
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6.29 percent
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10.66 percent
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15.35 percent
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12.20 percent
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8.47 percent
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
