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Taylor's Men's Wear has a debt-equity ratio of 80 percent, sales of $902,000, net income of $39,810, and total debt of $185,900. What is the return on equity? a. 17.13 percent b. 14.40 percent c. 21.29 percent d. 7.32 percent e. 9.74 percent

Taylor's Men's Wear has a debt-equity ratio of 80 percent, sales of $902,000, net income of $39,810, and total debt of $185,900. What is the return on equity? a. 17.13 percent b. 14.40 percent c. 21.29 percent d. 7.32 percent e. 9.74 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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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Taylor's Men's Wear has a debt-equity ratio of 80 percent, sales of $902,000, net income of $39,810, and total debt of $185,900. What is the return on equity? a. 17.13 percent b. 14.40 percent c. 21.29 percent d. 7.32 percent e. 9.74 percent
Transcribed Image Text:Taylor's Men's Wear has a debt-equity ratio of 80 percent, sales of $902,000, net income of $39,810, and total debt of $185,900. What is the return on equity? a. 17.13 percent b. 14.40 percent c. 21.29 percent d. 7.32 percent e. 9.74 percent
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