You are thinking of investing in Ski Sports, Inc. You have only the following information on the firm at year-end 2018: net income = $50,000, total debt = $1 million, and debt ratio = 70 percent. What is Ski's ROE for 2018?
A) 2.94 percent
B) 3.49 percent
C) 7.14 percent
D) 11.67 percent
Correct Answer:
Verified
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