Hello I need help solving this finance question. I don't need just the answer I need step by step of how I can get to the answer I would very much appreciate this. Here is the question:
The common stock of J.C. Penney is currently selling at $8 per share, which represents a P/E ratio of 33. If J.C. Penney has 607,210 shares of common stock outstanding, a return on equity of 16 percent, and a debt ratio of 80 percent, what is its Return on Total Assets (ROA)?
Please show me the steps you used to get to the answer Thanks once again!
2007-09-11
04:45:41
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1 answers
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asked by
zwarrior99
2
in
Business & Finance
➔ Other - Business & Finance