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Dawson Electronics has a debt ratio of 38 percent, total sales of $950,000, net income of $63,500, and total debt of $250,800. What is the company's return on equity (ROE)? a) 9.62 percent b) 10.25 percent c) 10.58 percent d) 11.12 percent

Dawson Electronics has a debt ratio of 38 percent, total sales of $950,000, net income of $63,500, and total debt of $250,800. What is the company's return on equity (ROE)? a) 9.62 percent b) 10.25 percent c) 10.58 percent d) 11.12 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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return on equity (ROE)? account question answer

Dawson Electronics has a debt ratio of 38 percent, total sales of $950,000, net income of $63,500, and total debt of $250,800. What is the company's return on equity (ROE)? a) 9.62 percent b) 10.25 percent c) 10.58 percent d) 11.12 percent
Transcribed Image Text:Dawson Electronics has a debt ratio of 38 percent, total sales of $950,000, net income of $63,500, and total debt of $250,800. What is the company's return on equity (ROE)? a) 9.62 percent b) 10.25 percent c) 10.58 percent d) 11.12 percent
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