Problemlast year def corporations had sales of 315000 net, Ask an Expert

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Problem:

Last year, DEF Corporations had sales of $315,000, net income of $17,832, and year-end total assets of $210,000. The firm's debt-to-assets ratio was 42.5%.

Required:

Question 1: What was DEF's Corp.'s Return on Equity (ROE)? Please provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147431

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