Problemsamuelsons has a debt-equity ratio of 45 percent, Ask an Expert

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Problem:

Samuelson's has a debt-equity ratio of 45 percent, sales of $11,000, net income of $2,300, and total debt of $11,700. What is the return on equity?

4.50 percent
20.91 percent
8.85 percent
19.66 percent
6.10 percent

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148015

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