A firm has a ROA of 20% and a debt ratio of 60%. The firm has...
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A firm has a ROA of 20% and a debt ratio of 60%. The firm has sales of $150,000 and net income of $40,000. How much equity does the firm have? A firm has a ROA of 20% and a debt ratio of 60%. The firm has sales of $150,000 and net income of $40,000. How much equity does the firm have?
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To find the equity of the firm you can use the formula Equity Total Assets T... View the full answer
Related Book For
Entrepreneurial Finance
ISBN: 978-0538478151
4th edition
Authors: J . chris leach, Ronald w. melicher
Posted Date:
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