Solved

Hi Sky Enterprises Has Total Assets of $3 Million, a Debt

Question 53

Multiple Choice

Hi Sky Enterprises has total assets of $3 million, a debt ratio of 30%, and an after-tax profit margin of 11.04% and sales of $2.5 million. What is Hi Sky's return on equity?


A) 15%
B) 35%
C) 27%
D) 13%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: Based on the information in Table 1,

Q49: Sputter Motors has sales of $3,450,000, total

Q50: What is the purpose of using common

Q51: Which of the following is NOT a

Q52: Companies chosen for benchmarks should be of

Q54: McKinny Enterprises must raise $580,000 to pay

Q55: Marshall Networks, Inc. has a total asset

Q56: A small start-up company should choose an

Q57: Which of the following ratios indicates how

Q58: A serious pitfall in the interpretation of