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Problem 9-14 If a firm has the following sources of finance, Current liabilities Long-term debt Preferred stock Common stock $ 140,000 430,000 65,000 160,000 earns
Problem 9-14 If a firm has the following sources of finance, Current liabilities Long-term debt Preferred stock Common stock $ 140,000 430,000 65,000 160,000 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: Check My Work
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