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A firms Return on Assets is 10%, its Total Asset Turnover is 2, and its Debt Ratio is 0.75. This firms Return on Equity is:
A firms Return on Assets is 10%, its Total Asset Turnover is 2, and its Debt Ratio is 0.75. This firms Return on Equity is:
| a. | 40% | |
| b. | 13.33% | |
| c. | 20% | |
| d. | need to know what its Basic Earning Power is |
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
