Question
Sales Revenue is $1,000,000, Earnings Before Interest and Taxes is $400,000, and Earnings After Interest and Taxes is $300,000. Also, Total Assets is $2,000,000 and
Sales Revenue is $1,000,000, Earnings Before Interest and Taxes is $400,000, and Earnings After Interest and Taxes is $300,000. Also, Total Assets is $2,000,000 and Total Debt is $500,000. The Return on Equity is:
| a. | 26.67% | |
| b. | 20.00% | |
| c. | 66.67% | |
| d. | Cannot calculate because Total Equity is not shown
|
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
