The Huck Printing Co. had sales of$10 million, Operating Income of $3million; After tax income of $1 million;assets of $8 million; Stockholders'equity of $5 million; and a total debtof $3 million. What is Huck's return onequity?A) 37.5%B) 10.0%C) 20.0%D) 60.0%

Return on Equity: Return on equity (ROE) is a financial indicator that measures a company's net…

Answered: The Huck Printing Co. had sales of $10…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Huck Printing Co. had sales of $10 million, Operating Income of $3 million; After tax income of $1 million%; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $3 million. What is Huck's return on equity?