Anna Enterprises Ltd. has the following financial information: -Total debt-equity ratio = 60% -Sales $1,100,000 -Net income = $30,000 -Total liabilities = $240,000 What is the Return on Equity (ROE)?

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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What is the return on equity on these financial accounting question?

Anna Enterprises Ltd. has the following financial information:
-Total debt-equity ratio = 60%
-Sales $1,100,000
-Net income = $30,000
-Total liabilities = $240,000
What is the Return on Equity (ROE)?
Transcribed Image Text:Anna Enterprises Ltd. has the following financial information: -Total debt-equity ratio = 60% -Sales $1,100,000 -Net income = $30,000 -Total liabilities = $240,000 What is the Return on Equity (ROE)?
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