Reliable Cars have sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent.

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Reliable Cars have sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt ratio of 78 percent. 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: Mar 03, 2022 10:38 AM

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Reliable Cars have sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent.

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Calculate the return on equity as follows Net income Sales Total assets RO... View the full answer

Corporate Finance A Focused Approach

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