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Fortinbras Exports has a net income of $45 million, total equity of $12 million, a debt to equity ratio of 0.5, and a retention rate
Fortinbras Exports has a net income of $45 million, total equity of $12 million, a debt to equity ratio of 0.5, and a retention rate of 65%, The company's ROA is closest to:
| A. | 3.656%. | |
| B. | 5.625%. | |
| C. | 2.500%. |
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
