Reliable cars has sales of 3970 total assets of 3050 and a


Reliable Cars has sales of $3,970, 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?

  • 12.20 percent
  • 15.87 percent
  • 8.47 percent
  • 6.51 percent
  • 11.03 percent

Solution Preview :

Prepared by a verified Expert
Finance Basics: Reliable cars has sales of 3970 total assets of 3050 and a
Reference No:- TGS01479185

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)