General Accounting The Return on Sales (ROS) of Mini Corp is 5%.Mini's debt ratio (Debt to Assets) is 0.6 andAsset Turnover (Sales to Assets) is 3.2x. Whatis Mini's Return on Equity (ROE)?a) 26.7%b) 3.9%c) 40.0%d) 9.6%e) none of the above

Return on Equity (ROE)ROE measures how effectively a company uses its equity to generate profit. It…

Answered: The Return on Sales (ROS) of Mini Corp…

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 Return on Sales (ROS) of Mini Corp is 5%. Mini's debt ratio (Debt to Assets) is 0.6 and Asset Turnover (Sales to Assets) is 3.2x. What is Mini's Return on Equity (ROE)? a) 26.7% b) 3.9% c) 40.0% d) 9.6% e) none of the above