Question
If a firm has a return on assets (ROA) of 10% and a return on equity (ROE) of 10%, which of the following statements concerning
If a firm has a return on assets (ROA) of 10% and a return on equity (ROE) of 10%, which of the following statements concerning this firm is correct?
Select one:
a.The firm is losing money.
b.The operating results of the firm must be growing.
c.The firm must have enough cash on hand to pay some extra dividends.
d.The firm must have no financial leverage.
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
