Evergreen Manufacturing Co. had sales of $18 million, operating income of $5.4 million, after-tax income of $3.2 million, assets of $15 million, stockholders' equity of $9 million, and a total debt of $6 million. What is Evergreen Manufacturing Company's return on equity?
Evergreen Manufacturing Co. had sales of $18 million, operating income of $5.4 million, after-tax income of $3.2 million, assets of $15 million, stockholders' equity of $9 million, and a total debt of $6 million. What is Evergreen Manufacturing Company's return on equity?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:Evergreen Manufacturing Co. had sales of $18 million, operating income of
$5.4 million, after-tax income of $3.2 million, assets of $15 million,
stockholders' equity of $9 million, and a total debt of $6 million. What is
Evergreen Manufacturing Company's return on equity?
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