Calculating ROE
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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 were $250,000. The firm's total-debt-to-total-assets ratio was 37.5%. Based on the DuPont equation, what was the ROE?
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Solution Summary
Solution describes the steps to calculate return on equity in the given case.
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Net Income=$19000
Total assets=$250000
Total-debt-to-total-assets ratio=37.5%
Equity ...
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- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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