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If a company's ROA is 6.0% and its total assets to total equity ratio is 2.0, what is its ROE (retum on equity)? Enter your

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If a company's ROA is 6.0% and its total assets to total equity ratio is 2.0, what is its ROE (retum on equity)? Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 (%) instead of 0.0843) Your Answer: Answer Hide hint for Question 12 ROE-ROA'Equity Multiplier=ROA (1/(1-debt ratio)

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