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  3. a. last year harrington inc. had sales of $654,000

A. Last year Harrington Inc. had sales of $654,000 and a net income of $89,000,...

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Finance

A. Last year Harrington Inc. had sales of $654,000 and a net income of $89,000, and its year-end assets were $270,000. The firm's total-debt-to-total-capital ratio was 45.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE?

b. You will need $100,000 on this date in 2030. If the funds/money/account will earn 6.5% annum, how much will you need to deposit today?

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