Lecompte corp. has $312,900 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $620,000, and its net income after taxes was $24,655. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. what profit margin would lecompte need in order to achieve the 15% roe, holding everything else constant?

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.