Here’s some info for a company:        Total assets = $50,000 Total liabilities = $30,000,000 Coverage ratio = 4.0    Profit margin = 10% Sales = $50,000,000   What is the company’s return on equity?

College Accounting, Chapters 1-27
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3CE: Compute the following profitability measures for Esplanade Enterprises for 20-2: (a) Profit margin...
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Here’s some info for a company:

 

     Total assets = $50,000

Total liabilities = $30,000,000

Coverage ratio = 4.0

 

 Profit margin = 10%

Sales = $50,000,000

 

What is the company’s return on equity? Answer as percentage.

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