Samuelson's has a debt-equity ratio of 34 percent, sales of $14,000, net income of $1,900, and...

Question

Question

Samuelsons has a debt-equity ratio of 34 percent, sales of $14,000, net income of $1,900, and total debt of $9,700. What is

Answer 1

Answer #1

Answer: 6.66%

Explanation:

Debt - equity ratio = Debt / Equity

34 Percent = $9700 / Equity

Equity = $9700 / 34 percent

Equity = $28,529.41

Return on equity = Net Income / Equity

Return on equity = $1900 / $28,529.41

Return on equity = 6.66%

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Answer 2

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