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Given the following data for Company GHI: Net Income: $250,000 Total Equity: $800,000 Interest Expense: $30,000 Average Total Assets: $2,000,000 Calculate the Return on Equity
Given the following data for Company GHI:
- Net Income: $250,000
- Total Equity: $800,000
- Interest Expense: $30,000
- Average Total Assets: $2,000,000 Calculate the Return on Equity (ROE) and Times Interest Earned (Interest Coverage Ratio).
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
