Question
Squeaky Wheel Auto Repair's total common equity at the end of last year was $1,200,000 and its net income was $95,000. The total sales was
Squeaky Wheel Auto Repair's total common equity at the end of last year was $1,200,000 and its net income was $95,000. The total sales was $4,200,000 with a gross profit margin of 33%. What was its return on equity?
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
