Assume the following data for Cable Corporation and Multi-Media Inc. Wire Corporation multimedia inc. Net Income ps
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Question:
Assume the following data for Cable Corporation and Multi-Media Inc.
| Wire Corporation | multimedia inc. | |||||
| Net Income | ps | 37,000 | ps | 149,000 | ||
| Sales | 376,000 | 2,150,000 | ||||
| total assets | 426,000 | 910,000 | ||||
| Total debt | 248,000 | 484,000 | ||||
| stockholders' equity | 178,000 | 426,000 | ||||
a. Calculate the return on equity of both companies.
b. Calculate the following additional ratios for both companies.
Expert Answer:
a Return on Equity ROE for both companies can be calculated as ROE Net Income Shareholders ... View the full answer
Related Book For 
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
