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Profitability and Asset Management Ratios You Are Thinking of Investing

Question 115

Multiple Choice

Profitability and Asset Management Ratios You are thinking of investing in Ski Sports,Inc.You have only the following information on the firm at year-end 2013: net income = $50,000,total debt = $1 million,and debt ratio = 70 percent.What is Ski's ROE for 2013?


A) 2.94 percent
B) 3.49 percent
C) 7.14 percent
D) 11.67 percent

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