Question
Skaxo has annual sales of $768,300, total debt of $176,500, total assets of $393,000, and a profit margin of 7.50 percent. What is the return
Skaxo has annual sales of $768,300, total debt of $176,500, total assets of $393,000, and a profit margin of 7.50 percent. What is the return on equity. ***THIS IS MY QUESTION. I KNOW HOW TO GET RETURN ON ASSETS, BUT HOW DO YOU GET RETURN ON EQUITY?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
