Farn3e9ldCoona Farn3e9ldCoona

23-01-2017
Mathematics

contestada

A firm has a debt to asset ratio of 75%, $264,000 in debt, and net income of $49,280. calculate return on equity

Respuesta :

nobillionaireNobley nobillionaireNobley

31-01-2017

Asset = 264,000 / 0.75 = $352,000
Shareholders equity = $352,000 - $264,000 = 88,000

Return on equity = 49,280 / 88,000 x 100% = 56%

Answer Link

Otras preguntas

what is the value of the digit 9 in the number 50.912

PLEASE HELP!! Lucila swam 4 laps in 6 minutes. At that rate, how many minutes will it take Lucila to swim 10 laps?

Which American author's works include poems about an Indian named Hiawatha and Paul Revere's famous ride? A. Henry Wadsworth Longfellow B. Edgar Allan Poe C. Wa

How long did the gold rush last?

Which Athenian admiral won a great victory at the Battle of Salamis? A. Themistocles B. Darius C. Leonidas D. Xerxes

Adolf Hitler was the dictator of which country? A. Denmark B. Sweden C. France D. Germany

Why did the United States senate ultimately reject the peace treaty and the League of Nations?

Which of the following best characterizes the US economic system today? A. laissez-faire B. mixed economy C. planned economy D. capitalist system D. socialist s

Who did Caesar make queen of egypt?

Find the greatest common factor 14x^7 , 1 , 7x^12