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Horizon Technologies has sales of $8,000, total assets of $6,500, and a profit margin of 8 percent. The firm has a total debt ratio of 50 percent. What is the return on equity? A. 10 percent B. 15 percent C. 12 percent D. 18 percent E. 6 percent

Horizon Technologies has sales of $8,000, total assets of $6,500, and a profit margin of 8 percent. The firm has a total debt ratio of 50 percent. What is the return on equity? A. 10 percent B. 15 percent C. 12 percent D. 18 percent E. 6 percent

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
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Horizon Technologies has sales of $8,000, total assets of $6,500, and a profit margin of 8 percent. The firm has a total debt ratio of 50 percent. What is the return on equity? A. 10 percent B. 15 percent C. 12 percent D. 18 percent E. 6 percent
Transcribed Image Text:Horizon Technologies has sales of $8,000, total assets of $6,500, and a profit margin of 8 percent. The firm has a total debt ratio of 50 percent. What is the return on equity? A. 10 percent B. 15 percent C. 12 percent D. 18 percent E. 6 percent
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