You are considering investing in Nuran Security Services You have been able to locate the following information on the firm total assets are $24 million, accounts receivable are $3 3 million, ACP is 25 days, net income is $3 5 million, and debt to equity is 1 2 times Calculate the ROE for the firm ...

Debttoequity 12 Total debt Total equity Total debt Tota ...

You are considering investing in Nuran Security Services. You have been able to locate the following information

Question:

You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $24 million, are $3.3 million, ACP is 25 days, net income is $3.5 million, and debt-to-equity is 1.2 times. Calculate the ROE for the firm.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...