asked 136k views
3 votes
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-capital ratio was 15.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? Do not round your intermediate calculations.

asked
User Tmp
by
8.2k points

1 Answer

5 votes
Capital 19,000 year end yay
answered
User Mike Furtak
by
8.1k points
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