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Question 29 4 pts 29. Your client company has the following characteristics: Total Assets $10,000,000 Revenue $8,000,000 Pretax Income $1,000,000 Net Income $300,000 A. What
Question 29 4 pts 29. Your client company has the following characteristics: Total Assets $10,000,000 Revenue $8,000,000 Pretax Income $1,000,000 Net Income $300,000 A. What is return on equity assuming debt/assets of 30%? B. Assuming a change in the corporate tax rate to 50%, same capital structure, what is return on equity
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