Hi, my name is ***** ***** I can help. Just quick question since people use different abbreviations, what do you mean by "TI?"
okay, here is how to solve: assets = liabilities + equity, solve for equity,
400,000 = 1.5D
D = 266,666.67
E = 133,333.33
60,000/133,333,33 = 45% ROE
I disagree with the other expert, you are right about the equation.
Total Assets = Debt (Liabilities) + Equity
Please click on the following link to download the solution:
If you have any questions, please do not hesitate to ask; if all is clear, please rate the service
P.S. If you like my services, please feel free to direct your future posts to me specifically by typing "For Manal Elkhoshkhany" at the beginning of your post. Should you choose to do this, please try to allow me at least 48 hours before the deadline.
Sorry sent it wrongly, take care.