If a firm has a debt to equity ratio of 50%, debt of $300,000, and net income of $90,000. What is the return on equity?
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If a firm has a debt to equity ratio of 50%, debt of $300,000, and net income of $90,000. What is the return on equity?
return on equity formula is
ROE = NET INCOME / EQUITY
plug the numbers where they belong and there you have it
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