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22. Lindas Clothing is a retailer of contemporary womens clothing. Selected financial information for Lindas appears below: Compute the rate of return on assets for
22. Lindas Clothing is a retailer of contemporary womens clothing. Selected financial information for Lindas appears below:
- Compute the rate of return on assets for the years 2009-2011. Lindas has an effective tax rate of 35%.
- Compute the rate of return on common shareholders equity for the years 2009-2011.
- Compute the basic earnings per share for the years 2009-2011.
- Interpret the changes in ROA versus ROCE and EPS over the three-year period.
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