Answered: Here’s some info for a company:…

Here’s some info for a company: Total assets = $50,000 Total liabilities = $30,000,000 Coverage ratio = 4.0 Profit margin = 10% Sales = $50,000,000 What is the company’s return on equity?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3CE: Compute the following profitability measures for Esplanade Enterprises for 20-2: (a) Profit margin...

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Here’s some info for a company:

Total assets = $50,000

Total liabilities = $30,000,000

Coverage ratio = 4.0

Profit margin = 10%

Sales = $50,000,000

What is the company’s return on equity? Answer as percentage.

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