Las year Justine Corp. had sales of P315,000 and a net income of P17,382, and its year-end assets were P210,000. Justine's total debt to total assets ratio was 42.5%. Based on the Du Pont equation, what was Justine's return on equity (ROE)?

Las year Justine Corp. had sales of P315,000 and a net income of P17,382, and its year-end assets were P210,000. Justine's total debt to total assets ratio was 42.5%. Based on the Du Pont equation, what was Justine's return on equity (ROE)?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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