Business, 02.03.2020 21:48 lexib4

The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 93,000 Current assets $ 33,500 Debt $ 43,800 Costs 67,050 Fixed assets 94,100 Equity 83,800 Taxable income $ 25,950 Total $ 127,600 Total $ 127,600 Tax (24%) 6,228 Net Income $ 19,722 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the ROE

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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statemen...

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