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Author Question: Last year Altman Corp. had $318,000 of assets, $421,000 of sales, $29,810 of net income, and a ... (Read 89 times)

frosh101

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on: Aug 7, 2023
Last year Altman Corp. had $318,000 of assets, $421,000 of sales, $29,810 of net income, and a debt-to-total-assets ratio of 45%. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets to $203,000. Sales, costs, and net income would not be affected, and the firm would maintain the 45% debt ratio. By how much would the reduction in assets improve the ROE?

◦

9.66%


◦

10.15%


◦

10.42%


◦

10.70%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by frosh101 on Aug 7, 2023

Khareemom14

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frosh101

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

hollysheppard095

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Reply 3 on: Yesterday
:D TYSM

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