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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Lee Sun's has sales of $3,500, total assets of $3,200, and a profit
margin of 5 percent. The firm has a total debt ratio of 41
percent. What is the return on equity?
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Transcribed Image Text:Question: Lee Sun's has sales of $3,500, total assets of $3,200, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
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