q. 20 Lee Sun’s has sales of $3,350, total assets of $3,050, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity? a. 5.00 percent b. 5.49 percent c. 10.74 percent d. 9.31 percent e. 4.09 percent
q. 20 Lee Sun’s has sales of $3,350, total assets of $3,050, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity? a. 5.00 percent b. 5.49 percent c. 10.74 percent d. 9.31 percent e. 4.09 percent
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 18PROB
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q. 20
Lee Sun’s has sales of $3,350, total assets of $3,050, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
a. 5.00 percent
b. 5.49 percent
c. 10.74 percent
d. 9.31 percent
e. 4.09 percent
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