CIBC's return on assets was 0.7%. During the same year, CIBC reported a return on common shareholders'

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CIBC's return on assets was 0.7%. During the same year, CIBC reported a return on common shareholders' equity of 19.2%. Has CIBC made effective use of leverage? Explain.

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Financial Accounting Tools for Business Decision Making

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jul 18, 2017 02:06 AM

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CIBC's return on assets was 0.7%. During the same year, CIBC reported a return on common shareholders'

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Financial Accounting Tools for Business Decision Making

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