Juno Enterprises has total sales of $4,800, total assets of $6,000, and a profit margin of 6%. The company has a total debt ratio of 50%. What is the Return on Equity (ROE)? A. 8% B. 9.6% C. 12% D. 10% E. 11.5%

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
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Can you help me solve this general accounting question using valid accounting techniques?
Juno Enterprises has total sales of $4,800, total assets of
$6,000, and a profit margin of 6%. The company has a total
debt ratio of 50%. What is the Return on Equity (ROE)?
A. 8%
B. 9.6%
C. 12%
D. 10%
E. 11.5%
Transcribed Image Text:Juno Enterprises has total sales of $4,800, total assets of $6,000, and a profit margin of 6%. The company has a total debt ratio of 50%. What is the Return on Equity (ROE)? A. 8% B. 9.6% C. 12% D. 10% E. 11.5%
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