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A firm has a debt-to-total asset ratio of 75%, $219,000 in debt, and net income of $47,450. Calculate return on equity. (Do not round intermediate
A firm has a debt-to-total asset ratio of 75%, $219,000 in debt, and net income of $47,450. Calculate return on equity. (Do not round intermediate calculations.)
Multiple Choice There is not enough information to calculate return on equity.
65%
85%
81%
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
