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You are thinking of investing in PAT, Inc. You have only the following information on the firm at year-end 2022: debt ratio =0.30=30 percent, net
You are thinking of investing in PAT, Inc. You have only the following information on the firm at year-end 2022: debt ratio =0.30=30 percent, net income =$0.5 million, and total debt =$12 million. What is PAT's ROE for 2022 ? Hint: Use the debt ratio, to estimate total assets. 1.79 percent 2.78 percent 2.02 perchat 1.59 percent
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