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Taylor's Men's Wear has a debt-ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $198, 400. What is the return on equity? a) 7.79 percent b) 8.41 percent c) 8.74 percent d) 9.09 percent

Taylor's Men's Wear has a debt-ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $198, 400. What is the return on equity? a) 7.79 percent b) 8.41 percent c) 8.74 percent d) 9.09 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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the return on equity?

Taylor's Men's Wear has a debt-ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $198, 400. What is the return on equity? a) 7.79 percent b) 8.41 percent c) 8.74 percent d) 9.09 percent
Transcribed Image Text:Taylor's Men's Wear has a debt-ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $198, 400. What is the return on equity? a) 7.79 percent b) 8.41 percent c) 8.74 percent d) 9.09 percent
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