Nelson Corp. has a total debt- equity ratio of 65%, sales of $1,200,000, net income of $30,000, and total liabilities of $250,000. What is Nelson Corp.'s return on equity (ROE)?
Nelson Corp. has a total debt- equity ratio of 65%, sales of $1,200,000, net income of $30,000, and total liabilities of $250,000. What is Nelson Corp.'s return on equity (ROE)?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 8P
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Question
Sub: financial accounting
Transcribed Image Text:Nelson Corp. has a total debt-
equity ratio of 65%, sales of
$1,200,000,
net income of
$30,000, and total liabilities of
$250,000.
What is Nelson Corp.'s return on
equity (ROE)?
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