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justyne2004
07.03.2020 •
Mathematics
Reliable Cars has 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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Ответ:
32.14%
Step-by-step explanation:
Assets = Equity + Liabilities.
If the firm has a debt ratio of 78%, then it must have an equity ratio of 22%
The return on equity is given by:
For a margin of 9.68%, revenues of $807,200, and total equity of 22% x $1,105,100:
Reliable Cars has a return on equity of 32.14%.
Ответ:
6) yes
7)no
8)no
9)yes
10) yes