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14. A company has total assets worth 3.5 million, interest expenses equal to 40,000, and pays an average interest rate of 11 percent. EBIT is
14. A company has total assets worth 3.5 million, interest expenses equal to 40,000, and pays an average interest rate of 11 percent. EBIT is equal to 500,000. What is the rate of return on equity of this company
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
3rd Edition
0273688227, 978-0273688228
