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Bright Electronics has total assets of $500,000, a debt-equity ratio of 0.40, and net income of $35,000. What is the return on equity? A) 10.50 percent B) 12.20 percent C) 14.50 percent D) 15.00 percent E) 13.00 percent

Bright Electronics has total assets of $500,000, a debt-equity ratio of 0.40, and net income of $35,000. What is the return on equity? A) 10.50 percent B) 12.20 percent C) 14.50 percent D) 15.00 percent E) 13.00 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 6P
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Financial Account

Bright Electronics has total assets of $500,000, a debt-equity ratio of 0.40, and net income of $35,000. What is the return on equity? A) 10.50 percent B) 12.20 percent C) 14.50 percent D) 15.00 percent E) 13.00 percent
Transcribed Image Text:Bright Electronics has total assets of $500,000, a debt-equity ratio of 0.40, and net income of $35,000. What is the return on equity? A) 10.50 percent B) 12.20 percent C) 14.50 percent D) 15.00 percent E) 13.00 percent
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