Carter Company's return on common equity is 29%. Its sales are $68,000,000, its debt ratio is 45%,
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Question:
Carter Company's return on common equity is 29%. Its sales are $68,000,000, its debt ratio is 45%, and its total liabilities are $15,000,000. What is the firm's return on total assets?
Question 4 options:
15.95% | |
13.05% | |
17.61% | |
21.20% | |
10.87% |
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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