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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. | 5.625%. | |
| B. | 2.500%. | |
| C. | 3.656%. |
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
