Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN: 9781337635653
Author: Leach
Publisher: Cengage
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Financial Accounting Problem 3.4

Question: 52
You are considering investing in Nuran Security Services.
You have been able to locate the following information
on the firm: total assets are $26.95 million, accounts
receivable are $4.30 million, ACP is 30 days, net income is
$4.50 million, and debt-to-equity is 1.20 times.
Calculate the ROE for the firm.
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Transcribed Image Text:Question: 52 You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.95 million, accounts receivable are $4.30 million, ACP is 30 days, net income is $4.50 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm.
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