Brew Haven Coffee has a return on assets (ROA) of 15%. Brew Haven's assets = $150, while owner's equity = $50 and its debt = $100. What is Brew Haven's 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
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Brew Haven Coffee has a return on assets (ROA) of 15%.
Brew Haven's assets = $150, while owner's equity = $50 and
its debt = $100.
What is Brew Haven's return on equity (ROE)?
Transcribed Image Text:Brew Haven Coffee has a return on assets (ROA) of 15%. Brew Haven's assets = $150, while owner's equity = $50 and its debt = $100. What is Brew Haven's return on equity (ROE)?
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