Schism, Inc., has a total debt ratio of 0.70, total debt of $265,000, and net income of

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Schism, Inc., has a total debt ratio of 0.70, total debt of $265,000, and net income of $24,850. What is the company's return on equity?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 06:56 AM

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Schism, Inc., has a total debt ratio of 0.70, total debt of $265,000, and net income of

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To find the ROE we need the equity balance Since we have ...View the full answer

Essentials Of Corporate Finance

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