Determine net income using debt-equity ratio


A firm has sales of $500, total assets of $300, and a debt/equity ratio of 2.00. If its return on equity is 15 percent, what is its net income?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determine net income using debt-equity ratio
Reference No:- TGS0552112

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)