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Pearl Harbor Co. has sales of $4,500, total assets of $3,600, and a profit margin of 6 percent. The firm has a total debt ratio of 45 percent. What is the return on equity?

Pearl Harbor Co. has sales of $4,500, total assets of $3,600, and a profit margin of 6 percent. The firm has a total debt ratio of 45 percent. What is the return on equity?

Intermediate Financial Management (MindTap Course List)
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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What is the return on equity on these financial accounting question?

Pearl Harbor Co. has sales of $4,500, total assets of $3,600, and a profit margin of 6 percent. The firm has a total debt ratio of 45 percent. What is the return on equity?
Transcribed Image Text:Pearl Harbor Co. has sales of $4,500, total assets of $3,600, and a profit margin of 6 percent. The firm has a total debt ratio of 45 percent. What is the return on equity?
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