What is the firm-s return on equity


ABC, Inc., sells all its merchandise on credit. It has a profit margin of 4%, an average collection period of 60 days, receivables of $150,000, total assets of $3 million and a debt ratio of 0.64. What is the firm's return on equity?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the firm-s return on equity
Reference No:- TGS0552522

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)