Answered: Barrett, Inc., has a total debt ratio…

Barrett, Inc., has a total debt ratio of 53, total debt of $326,000, and net income of $41,000. What is the company's return on equity?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8P

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Hello teacher please give me answer accounting

Barrett, Inc., has a total debt ratio of 53, total debt of
$326,000, and net income of $41,000. What is the
company's return on equity?

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