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29. When a company's ROE is greater than its ROA for a given time-period, it could be that O the company has no debt the

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29. When a company's ROE is greater than its ROA for a given time-period, it could be that O the company has no debt the level of debt has no impact on the ROA the company could borrow at an after-tax rate that was less than the rate earned by investing in assets. O the company could borrow at an after-tax rate that was higher than the rate earned by investing in assets 2020 McGraw-Hill Education. All rights reserved

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