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%

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