Keys:
@A
ROE
=
ASSET
(
*
%
ERN
-
DEBT
*
%
INT
TAX
-
)
EQTY
/
I
2000
10
1500
8
0
500
160 12: The Equation Solver
Display:
Description:
Restores MAIN menu.
Displays ALPHA menu.
Entering the equation.
Stores the equation.
Verifies the equation and
displays the menu labels
for ROE, ASSET, %ERN,
DEBT, %INT, and (press
) TAX and EQTY.
Stores the values for the
assets, the percentage
earnings on assets, the
amount of debt, the
percentage interest paid
on the debt, the taxes
paid, and the common
equity.
The return on equity is
16%.