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11. We have the following information from a company: Interest expenses: 10,000 Average interest rate of liabilities: 13% Total assets: 300,000 Net income: 20,000 Use
11. We have the following information from a company: Interest expenses: 10,000 Average interest rate of liabilities: 13% Total assets: 300,000 Net income: 20,000 Use this information to calculate Return on assets and Return on equity
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Accounting
Authors: Carl S. Warren, James M. Reeve, Philip E. Fess
19th Edition
0538869720, 978-0538869720
