The Huck Printing Co. had sales of $10 million, Operating Income of $3 million; After tax income of $1 million%; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $3 million. What is Huck's return on equity?

The Huck Printing Co. had sales of $10 million, Operating Income of $3 million; After tax income of $1 million%; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $3 million. What is Huck's return on equity?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

The Huck Printing Co. had sales of
$10 million, Operating Income of $3
million; After tax income of $1 million;
assets of $8 million; Stockholders'
equity of $5 million; and a total debt
of $3 million. What is Huck's return on
equity?
A) 37.5%
B) 10.0%
C) 20.0%
D) 60.0%

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