If Stimson Company could reduce its equity to $720,000, while still maintaining its net income of $81,000,

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If Stimson Company could reduce its equity to $720,000, while still maintaining its net income of $81,000, its ROE would become

%. Evidently, with net income held constant, Stimson Company can increase its ROE by [increasing / decreasing] its equity.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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