Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 21 a firm has a debt-to-equity ratio of 4

QUESTION 21 A firm has a debt-to-equity ratio of 40%, a debt of $250,000, and...

60.1K

Verified Solution

Question

Accounting

image
QUESTION 21 A firm has a debt-to-equity ratio of 40%, a debt of $250,000, and a net income of $100,000. The return on equity is 60%. 16%. 30%. There's not enough information to determine the return on equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A study of the relationship between facility conditions at gas stations and aggressiveness in the pricing...

Statistics
Q

The trait for medium-sized leaves in iris is determined by the genetic condition PP'. Plants with...

Biology
Q

Question 2: For each of the following data sets, classify into the following, and give a...

Statistics
Q

67% of adults age 55 or older want to reach their 100th birthday. You randomly select...

Basic Math
Q

Students were asked How stressed have you been in the last week on a scale...

Basic Math
Q

8 Male Color Blindness When conducting research on color blindness in males a researcher forms...

Statistics
Q

Dirt must be excavated for the foundation of a building 36 yards by 11 yards...

Algebra
Q

Go step by step to reduce the radical 288

Algebra
Q

On January 1,2020 , Larkspur Corporation issued $2,790,000,5-year, 8% bonds at 97 . The bonds...

Accounting
Q

Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and...

Accounting
Q

Gale Company has the following inventory and purchases during the fiscal year ended December 31,...

Accounting
Q

Peter loves dogs and cats. For the past several years, he has owned and operated...

Accounting