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

Step 1: Define Asset Turnover RatioAsset turnover ratio is a financial ratio used by the investor to…

Answered: Caliber, Inc. had 2,500,000 in sales…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter12: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 9P

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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?