Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Question

The return on equity is_.

A firm has a debt to equity ratio of 40%, debt of $350,000, and net income of $95,000. The return on equity is: a. 16.32% b. 15.89% c. 30.12% d. 10.86% e. None of the above.
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Transcribed Image Text:A firm has a debt to equity ratio of 40%, debt of $350,000, and net income of $95,000. The return on equity is: a. 16.32% b. 15.89% c. 30.12% d. 10.86% e. None of the above.
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