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If sales were 4 million on total assets of 2 million and

A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare a financial report. You have found the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million and the amount of debt financing was $800,000, what was Carter's return on equity?

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Finance Basics: If sales were 4 million on total assets of 2 million and

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Finance Basics: If sales were 4 million on total assets of 2 million and

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