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Question 22 (3 points) Mitchel, Inc. has a debt ratio of 17 percent and ROA = 38 percent. Compute Mitchel's Return on Equity (ROE). (Record
Question 22 (3 points) Mitchel, Inc. has a debt ratio of 17 percent and ROA = 38 percent. Compute Mitchel's Return on Equity (ROE). (Record your answer as a percent rounded to one decimal place but do not include the percent sign in your answer. Thus, record .32184 = 32.1% as 32.1)
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