Question 1: You are thinking of investing in Ski Sports, Inc. You have only the following...
Question 1:
You are thinking of investing in Ski Sports, Inc. You have only the
following information on the firm at year-end 2018: net income=
$50,000, total debt = $1 million, and debt ratio= 70 percent. What
is ski's ROE for 2018?
Homework Answers
Debt ratio = Debt/assets
0.7 = 1/assets
assets = 1.42857
Equity = assets-debt = 1.42857-1= 0.42857
ROE = net income/equity = 0.05/0.42857= 11.67%
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