Caliber, Inc. had 2,500,000 in sales for the 2009 year. The company earned 6% on each dollar of sales. The company turned over its assets 4 times in 2009. The firm had a debt ratio of 32% in 2009. What was the return on stockholder's equity for 2009?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter12: Corporate Valuation And Financial Planning
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What was the return on stockholder's equity for 2009?

Caliber, Inc. had 2,500,000 in sales for the 2009
year. The company earned 6% on each dollar of
sales. The company turned over its assets 4
times in 2009. The firm had a debt ratio of 32%
in 2009. What was the return on stockholder's
equity for 2009?
Transcribed Image Text:Caliber, Inc. had 2,500,000 in sales for the 2009 year. The company earned 6% on each dollar of sales. The company turned over its assets 4 times in 2009. The firm had a debt ratio of 32% in 2009. What was the return on stockholder's equity for 2009?
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