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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?

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
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?
Transcribed Image Text: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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