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Thompson Manufacturing has the following financial information: . Debt-equity ratio: 60% Sales: $15,000 . Net Income: $3,600 . Total Debt: $18,000 Calculate the Return on Equity (ROE): a. 12.00 percent b. 15.00 percent c. 18.00 percent d. 20.00 percent e. 22.00 percent

Thompson Manufacturing has the following financial information: . Debt-equity ratio: 60% Sales: $15,000 . Net Income: $3,600 . Total Debt: $18,000 Calculate the Return on Equity (ROE): a. 12.00 percent b. 15.00 percent c. 18.00 percent d. 20.00 percent e. 22.00 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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Thompson Manufacturing has the following financial information: . Debt-equity ratio: 60% Sales: $15,000 . Net Income: $3,600 . Total Debt: $18,000 Calculate the Return on Equity (ROE): a. 12.00 percent b. 15.00 percent c. 18.00 percent d. 20.00 percent e. 22.00 percent
Transcribed Image Text:Thompson Manufacturing has the following financial information: . Debt-equity ratio: 60% Sales: $15,000 . Net Income: $3,600 . Total Debt: $18,000 Calculate the Return on Equity (ROE): a. 12.00 percent b. 15.00 percent c. 18.00 percent d. 20.00 percent e. 22.00 percent
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