Information below is related to Jea Maggie Ison’s Company Return on Sale              15% Asset turnover              3 times Debt ratio                     40%   What is its Return on Equity? a. 0.7515 b. 0.5985 c. 1.125 d. 3.0015

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
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ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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Information below is related to Jea Maggie Ison’s Company

Return on Sale              15%
Asset
turnover              3 times
Debt ratio                     40%

 

What is its Return on Equity?

a. 0.7515

b. 0.5985

c. 1.125

d. 3.0015

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