a firm has a tax burden of 0.7, a leverage ratio of 1.7, an interest burden of 0.9, and a return-on-sales ratio of 11%. the firm generates $2.58 in sales per dollar of assets. what is the firm's roe?

30%

Explanation:

From the question, we are informed that a firm has a tax burden of 0.7, a leverage ratio of 1.7, an interest burden of 0.9, and a return-on-sales ratio of 11% and that the firm generates $2.58 in sales per dollar of assets.

The ROE will be:

= Tax burden × margin × leverage × interest burden × turnover

where

Tax burden = 0.7

margin = 11% = 0.11

Leverage = 1.7

interest burden = 0.9

Turnover = 2.58

ROE = 0.7 × 0.11 × 1.7 × 0.9 × 2.58

= 0.30

= 30%

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

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