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A firm had Return on Assets (ROA) of 13.2% and had the debt-equity ratio of 0.55 . Calculate the firm's Return on Equity (ROE). 18.35%

image text in transcribed A firm had Return on Assets (ROA) of 13.2% and had the debt-equity ratio of 0.55 . Calculate the firm's Return on Equity (ROE). 18.35% 25.12% 24.00% 20.46% Question 6 2.5pts A firm had common stock ( $0.50 in par value) of $220,000 in 2019 , and common stock ( $0.50 in par value) of $410,000 in 2020 . The same firm had capital surplus (or additional paid-in capital) of $3,400,000 in 2019 , and $7,350,000 in 2020 . What was average price in which the each of the firm's share was sold in 2019? $11.52 $10.89 $12.45 $18.25

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