A business reports: • • Net income = $52,000 Total debt $260,000 = Debt ratio 40% What is the Return on Equity (ROE)?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
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Financial Accounting question.

A business reports:
•
•
Net income = $52,000
Total debt $260,000
=
Debt ratio 40%
What is the Return on Equity (ROE)?
Transcribed Image Text:A business reports: • • Net income = $52,000 Total debt $260,000 = Debt ratio 40% What is the Return on Equity (ROE)?
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