Question
A firm has a tax burden of 0.9,a leverage ratio of 1.5, an interest burden of 0.7, and a return-on-sales ratio of 9%. The firm
| A firm has a tax burden of 0.9,a leverage ratio of 1.5, an interest burden of 0.7, and a return-on-sales ratio of 9%. The firm generates $2.54 in sales per dollar of assets. What is the firm's ROE? |
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
