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A company has the following financial details: • • Debt-to-equity ratio = 60% Sales $1,200,000 . Net income = $30,000 . Total liabilities = $240,000 What is the Return on Equity (ROE)?

A company has the following financial details: • • Debt-to-equity ratio = 60% Sales $1,200,000 . Net income = $30,000 . Total liabilities = $240,000 What is the Return on Equity (ROE)?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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A company has the following financial details: • • Debt-to-equity ratio = 60% Sales $1,200,000 . Net income = $30,000 . Total liabilities = $240,000 What is the Return on Equity (ROE)?
Transcribed Image Text:A company has the following financial details: • • Debt-to-equity ratio = 60% Sales $1,200,000 . Net income = $30,000 . Total liabilities = $240,000 What is the Return on Equity (ROE)?
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