Homework Help is Here – Start Your Trial Now!
Business
Accounting
Clear View Systems has a debt-equity ratio of 60%, sales of $20,000, net income of $4,000, and total debt of $24,000. What is the return on equity (ROE)?

Clear View Systems has a debt-equity ratio of 60%, sales of $20,000, net income of $4,000, and total debt of $24,000. What is the return on equity (ROE)?

Intermediate Financial Management (MindTap Course List)
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
Section: Chapter Questions
Problem 6P
See similar textbooks
icon
Related questions
Question

Can you demonstrate the accurate method for solving this financial accounting question?

Clear View Systems has a debt-equity ratio of 60%, sales of $20,000, net income of $4,000, and total debt of $24,000. What is the return on equity (ROE)?
Transcribed Image Text:Clear View Systems has a debt-equity ratio of 60%, sales of $20,000, net income of $4,000, and total debt of $24,000. What is the return on equity (ROE)?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer