You are considering investing in Lenny’s Lube, Incorporated…
You are considering investing in Lenny’s Lube, Incorporated You have been able to locate the following information on the firm: total assets = $20 million, accounts receivable = $6 million, ACP = 20 days, net income = $5 million, and debt-to-equity ratio = 2.5 times. What is the ROE for the firm?