Skyward Infrastructure Ltd. has: Total Assets = $48 million Total Liabilities = $18 million - Sales $62 million Profit Margin = 11.5% What is the company's 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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Please read my financial accounting question properly and give correct answer

Skyward Infrastructure Ltd. has:
Total Assets = $48 million
Total Liabilities = $18 million
-
Sales $62 million
Profit Margin = 11.5%
What is the company's Return on Equity (ROE)?
Transcribed Image Text:Skyward Infrastructure Ltd. has: Total Assets = $48 million Total Liabilities = $18 million - Sales $62 million Profit Margin = 11.5% What is the company's Return on Equity (ROE)?
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