Author Question: Last year, Urbana Corp. had $210,600 of assets, $448,000 of sales, $28,630 of net income, and a ... (Read 60 times)

fungirl · **on:** Aug 7, 2023

Last year, Urbana Corp. had $210,600 of assets, $448,000 of sales, $28,630 of net income, and a debt-to-total-assets ratio of 42%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $49,000. Assets, sales, and the debt ratio would not be affected. By how much would the cost reduction improve the ROE?

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16.68%

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17.30%

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18.72%

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19.11%

MistyHubbard · **Reply #1 on:** Aug 7, 2023

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