What is total liabilities? 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 onequity (ROE)?

Debt-Equity Ratio = Total Debt/Total Equity65% = 250,000/Total EquityTotal Equity = 250,000/65%Total…

Answered: Nelson Corp. has a total debt- equity…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 8P

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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)?