Reliable Cars has sales of $4,070, total assets of $3,150, and a profit margin of 5 percent. The firm has a total debt ratio of 42 percent. What is the return on equity?
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- Need Help with this QuestionA firm has sales of $800, total assets of $500, and a debt/equity ratio of 1.5. If its return on equity is 18%, what is its net income?Toby’s has a profit margin of 8.6 percent, a return on assets of 14.5 percent, and a debt to equity ratio of 1.4. What is the return on equity?
- What is the return on equity?Question: Lee Sun's has sales of $3,500, total assets of $3,200, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?Y3K, Inc., has sales of $4,600, total assets of $3,270, and a debt-equity ratio of 1.40. If its return on equity is 19 percent, what its net income?