Question
Aechimedes Levers' earnings before interest and tax (EBIT) are R3 740. The companys times interest earned ratio is 7,50, its tax rate is 35%, and
Aechimedes Levers' earnings before interest and tax (EBIT) are R3 740. The companys times interest earned ratio is 7,50, its tax rate is 35%, and its debt ratio is 40%, with a total assets value of R30 750. What is the companys return on equity (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
