Question
The HB Industries has sales of $29 million, total assets of $43 million, and total debt of $13 million. The profit margin is 11 percent.
The HB Industries has sales of $29 million, total assets of $43 million, and total debt of $13 million. The profit margin is 11 percent. What is the return on equity?
7.42 percent 1
0.63 percent
11.08 percent
13.31 percent
14.28 percent
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
