Finding return on equity for king card company
Problem:
The King Card Company has a return-on-assets (investment) ratio of 12 percent.a. If the debt-to-total-assets ratio is 40 percent, what is the return on equity?b. If the firm had no debt, what would the return-on-equity ratio be?
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The King Card Company has a return-on-assets (investment) ratio of 12 percent.If the firm had no debt, what would the return-on-equity ratio be
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