Business, 13.01.2021 18:00 Dragonfierz666

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 17.5%. 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

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Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets...

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