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Given the following data for Company ABC: Net Income: $150,000 Total Equity: $500,000 Interest Expense: $20,000 Average Total Assets: $1,000,000 Calculate the Return on Equity
Given the following data for Company ABC:
- Net Income: $150,000
- Total Equity: $500,000
- Interest Expense: $20,000
- Average Total Assets: $1,000,000 Calculate the Return on Equity (ROE) and Times Interest Earned (Interest Coverage Ratio).
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
