Question
You purchase $100,000 worth of shares and hold them for a year. At the end of the year, the value of your portofolio of shares
You purchase $100,000 worth of shares and hold them for a year. At the end of the year, the value of your portofolio of shares has increased to $105,000. Assuming a cost of debt of 10% and leverage of 5, what is your ROA and ROE?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
