Need Answer Of This Question Please Need help about this Question with Explanation Price Printing Co. had sales of $12million, operating income of $4million, after-tax income of $2million, assets of $8 million,stockholders' equity of $6 million,and a total debt of $4 million. Whatis Price Printing Company's returnon equity?

Step 1: Definition of Sales:Sales refer to the amount earned through selling the goods of a company…

Answered: Price Printing Co. had sales of $12…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Price Printing Co. had sales of $12 million, operating income of $4 million, after-tax income of $2 million, assets of $8 million, stockholders' equity of $6 million, and a total debt of $4 million. What is Price Printing Company's return on equity?