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The Rivera Corporation has equity of $350,000, sales of $875,000, and a profit margin of 5.2 percent. What is the return on equity? a. 7.42 percent b. 13.00 percent c. 5.20 percent d. 9.10 percent

The Rivera Corporation has equity of $350,000, sales of $875,000, and a profit margin of 5.2 percent. What is the return on equity? a. 7.42 percent b. 13.00 percent c. 5.20 percent d. 9.10 percent

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Calculate return on equity general accounting question the ravira corporation

The Rivera Corporation has equity of $350,000, sales of $875,000, and a profit margin of 5.2 percent. What is the return on equity? a. 7.42 percent b. 13.00 percent c. 5.20 percent d. 9.10 percent
Transcribed Image Text:The Rivera Corporation has equity of $350,000, sales of $875,000, and a profit margin of 5.2 percent. What is the return on equity? a. 7.42 percent b. 13.00 percent c. 5.20 percent d. 9.10 percent
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