son.5 Suppose the Sammy has a Taco Truck. He has it equipped for making and selling tacos. His net income is $15,000 a year.The value of the truck, fully equipped is $150,000.Sammy owes $50,000 on the truck.For the sake of simplicity, we will say this is Sammy's only asset and only liability.What is Sammy's ROCE?A. 11%B. 13%O C. 15%O D. 17%

ROCE or Return on capital employed = [Net Income / Capital Employed] x 100net Income = $15,000…

Answered: Suppose the Sammy has a Taco Truck. He…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Example of Family financial positions with identified assets,liabilities and owner's equity.
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