Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total

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Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total debt of $382,000. What is the return on equity?

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt , Eugene F. Brigham

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Posted Date: Feb 11, 2022 02:17 AM

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Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total

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Corporate Finance A Focused Approach

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