Martinez, Inc., has a total debt ratio of .65, total debt of $345,000, and net income of $31,280 Required: What is the company's return on equity? (Do not round intermediate calculations Round your answer to 2 decimal places (e.g., 32.16).) Return on equity

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Martinez, Inc., has a total debt ratio of .65, total debt of $345,000, and net income of
$31,280
Required:
What is the company's return on equity? (Do not round intermediate calculations
Round your answer to 2 decimal places (e.g., 32.16).)
Return on equity
Transcribed Image Text:Martinez, Inc., has a total debt ratio of .65, total debt of $345,000, and net income of $31,280 Required: What is the company's return on equity? (Do not round intermediate calculations Round your answer to 2 decimal places (e.g., 32.16).) Return on equity
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