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Assume Meyer Corporation is 100 percent equity financed.Calculate the return on equity, given the following information: 2Earnings before taxes = $1,500 3Sales = $5,000 4Dividend

Assume Meyer Corporation is 100 percent equity financed.Calculate the return on equity, given the following information:

2Earnings before taxes = $1,500

3Sales = $5,000

4Dividend payout ratio = 60%

5Total Assets turnover = 2.0

6Tax rate = 30%

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