Xero, Inc., has a total debt ratio of 0.55, total debt of $315,000, and net income of

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Xero, Inc., has a total debt ratio of 0.55, total debt of $315,000, and net income of $38,250. What is the company’s return on equity?

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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 12, 2019 09:17 AM

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Xero, Inc., has a total debt ratio of 0.55, total debt of $315,000, and net income of

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

Essentials Of Corporate Finance

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