The Burger Hut has sales of $29 million,total assets of $43 million,and total debt of $13 million.The profit margin is 11 percent.What is the return on equity?
A) 7.42 percent
B) 10.63 percent
C) 11.08 percent
D) 13.31 percent
E) 14.28 percent
Correct Answer:
Verified
Q67: Reliable Cars has sales of $807,200,total assets
Q68: Lassiter Industries has annual sales of $220,000
Q69: A firm has 160,000 shares of stock
Q70: A firm has total assets with a
Q71: A firm has annual sales of $320,000,a
Q73: Taylor's Men's Wear has a debt-equity ratio
Q74: Dixie Supply has total assets with a
Q75: Big Guy Subs has net income of
Q77: A firm has net working capital of
Q83: Oscar's Dog House has a profit margin
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents