Reliable Electronics has sales of $950,500, total assets of $1,280,000, and a profit margin of 8.75%. The company has a total debt ratio of 58%. 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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What is the return on equity on these financial accounting question?

Reliable Electronics has sales of
$950,500, total assets of $1,280,000,
and a profit margin of 8.75%. The
company has a total debt ratio of 58%.
What is the return on equity (ROE)?
Transcribed Image Text:Reliable Electronics has sales of $950,500, total assets of $1,280,000, and a profit margin of 8.75%. The company has a total debt ratio of 58%. What is the return on equity (ROE)?
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