Question

Fly airplane has sales of $864,400, total
assets of $647,200, and a profit margin of 8.2 percent. The firm has a total
debt ratio of 46 percent. What is the return on equity? Write the answers as percentage.

Answer 1

Answer:

Fly airplane has sales of $864,400, total

assets of $647,200, and a profit margin of 8.2 percent. The firm has a total

debt ratio of 46 percent. What is the return on equity? Write the answers as percentage