Omega Manufacturing has a debt-equity ratio of 0.75, total debt of $12,000, and net income of $3,600. What is the return on equity (ROE)?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Omega Manufacturing has a debt-equity ratio of 0.75,
total debt of $12,000, and net income of $3,600. What
is the return on equity (ROE)?
Transcribed Image Text:Omega Manufacturing has a debt-equity ratio of 0.75, total debt of $12,000, and net income of $3,600. What is the return on equity (ROE)?
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