Multiple Choice
What is the ROE for a firm with a times interest earned ratio of 2, a tax liability of $1 million, and interest expense of $1.5 million if equity equals $1.5 million? (Use the values in dollars)
A) 26.67%
B) 30.00%
C) 33.33%
D) 50.00%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q28: If a firm's total debt ratio is
Q45: Market value added is the same as
Q47: When will return on equity equal return
Q49: Last year's return on equity was 30%.This
Q54: Which of the following will allow your
Q55: Which one of the following changes will
Q56: The inventory turnover ratio times the average
Q56: A firm has $600,000 in current assets
Q57: XYZ Corp.has an operating profit margin of
Q89: The difference between the current and quick