A firm has a debt-to-equity ratio of 40%, a debt of $250,000, and a net income of $100,000. The return on equity is
A) 60%.
B) 16%.
C) 30%.
D) There's not enough information to determine the return on equity.
B) 16%.
Business
You might also like to view...
Edwin Ghiselli identified ______ significant traits for effective leadership.
a. 4 b. 6 c. 8 d. 10
Business
Promises to pay and orders to pay must be unconditional in order to be negotiable
Indicate whether the statement is true or false
Business
A manufacturing defect is a departure from a product unit's design specifications that results in products that are physically flawed
Indicate whether the statement is true or false
Business
An Ethernet switch knows ________
A) an IP address for each EUI-48 address B) a single port number for each EUI-48 address C) multiple port numbers for each EUI-48 address D) the entire path from the source host to the destination host
Business