Business, 15.11.2019 23:31 mari200150

Last year harrington inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. 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?

dupont equation: roe = profit margin * total asset turnover * equity multiplier
roe = (ni / sales) * (sales / total assets) * (total assets / total common equity)

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Last year harrington inc. had sales of $325,000 and a net income of $19,000, and its year-end assets...

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