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Presented below are summary financial data from the 2013 annual report of The William Likert Company. Using the ratio definitions from Appendix 4A, calculate the

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Presented below are summary financial data from the 2013 annual report of The William Likert Company. Using the ratio definitions from Appendix 4A, calculate the following financial ratios for 2012 and 2013. Assume an effective income tax rate of 30 percent. Common equity share of operating earnings Return on equity (Use your rounded answers from above to compute ROE.)

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