Suppose that Acme Inc. had a net income of $21,000 on sales of $325,000 and...
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Finance
Suppose that Acme Inc. had a net income of $21,000 on sales of $325,000 and total assets are $250,000 at the end of the fiscal year. The firm's debt to assets ratio was 45.0%. What is the return on equity? (Hint: use the DuPont relationship and change debt/assets to equity/assets, and finally to assets/ equity)
13.82%
14.47%
15.15%
15.86%
15.27%
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