Question: at flickter corp. last years return on equity was 3 0 % . this year the return on equity has decreased to 2 0 %
at flickter corp. last years return on equity was this year the return on equity has decreased to even though the firm's earnings equaled last year's earnings. The firm has no preferred stock. what caused it to decrease?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
