Question
A firm has a tax burden ratio of 0.65, a leverage ratio of 1.4, an interest burden of 0.5, and a return on sales of
A firm has a tax burden ratio of 0.65, a leverage ratio of 1.4, an interest burden of 0.5, and a return on sales of 10%. The firm generates $2.6 in sales per dollar of assets. What is the firm's ROE? (Do not round intermediate calculations. Round your answer to 2 decimal place.)
ROE %
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
