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slega [8]
4 years ago
12

Last year, ABC Inc. had sales of $375,000 and a net income of $25,000, and it had total assets of $350,000 at the year end. The

company's debt-to-equity (D/E) ratio was 75.0%. What was the company’s ROE? (Hint: Use the DuPont identity) 4.08% 7.15% 11.67% 12.50% 5.36%
Business
1 answer:
adelina 88 [10]4 years ago
3 0

Answer:

Explanation:

ABC Company has a debt-equity ratio of 50 percent, a total asset turnover of 1.25, and a profit margin of 5.4 percent. What is ... Last year, ABC Inc. had sales of $375,000 and a net income of $25,000, and it had total assets of $350,000 at the year end

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