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If a firm has the following sources of finance, Current liabilities $ 90,000 Long-term debt 350,000 Preferred stock 75,000 Common stock 200,000 earns a profit
If a firm has the following sources of finance,
Current liabilities | $ | 90,000 |
Long-term debt | 350,000 | |
Preferred stock | 75,000 | |
Common stock | 200,000 |
earns a profit of $30,000 after taxes, and pays $7,000 in preferred stock dividends, what is the return on assets, the return on total equity, and the return on common equity? Round your answers to two decimal places
If a firm has the following sources of finance, Current liabilities $ 90,000 350,000 Long-term debt Preferred stock Common stock 75,000 200,000 earns a profit of $30,000 after taxes, and pays $7,000 in preferred stock dividends, what is the return on assets, the return on total equity, and the return on common equity? Round your answers to two decimal places. Return on assets: % Return on total equity: % Return on common equity: %Step by Step Solution
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