Business, 26.12.2020 02:00 alexandria3498

LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant?A) 7.57%.B) 7.95%. C) 8.35%.
D) 8.76%.
E) 9.20%.

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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales...

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