Nakamura, Incorporated, has a total debt ratio of .63, total debt of $323,000, and net income of $40,250. What is the company’s return on equity?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
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Nakamura, Incorporated, has a total debt ratio of .63, total debt of $323,000, and net income of $40,250. What is the company’s return on equity?

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