Question
A firm has a tax burden of 0.6, debt/equity ratio of 0.5, interest burden of 0.7, asset turnover ratio of 4, current ratio of 2,
A firm has a tax burden of 0.6, debt/equity ratio of 0.5, interest burden of 0.7, asset turnover ratio of 4, current ratio of 2, and operating profit margin of 6%. Its ROE is _________.
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
978-0134674681
