Calculate return on equity for total debt ratio of firm
Millers Metalworks, Inc. has a total asset turnover of 2.5 anda net profit margin of 3.5%. The total debt ratio for the firm is 50%. Calculate Millers return on equity.
a) 17.5%
b) 19.5%
c) 21.5%
d) 23.5%
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Millers Metalworks, Inc. has a total asset turnover of 2.5 and a net profit margin of 3.5%. The total debt ratio for the firm is 50%. Calculate Millers return on equity.
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