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Company ABC provides the following financial data: Metric Value Net Income $150,000 Total Equity $500,000 Interest Expense $20,000 Average Total Assets $1,200,000 Calculate the Return
Company ABC provides the following financial data:
| Metric | Value |
|---|---|
| Net Income | $150,000 |
| Total Equity | $500,000 |
| Interest Expense | $20,000 |
| Average Total Assets | $1,200,000 |
Calculate the Return on Equity (ROE) and Interest Coverage Ratio.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
