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Question 8: Time: 25 minutes Total: 15 marks A Lahore firm has a net income of $36,000 which provides a 9% return on assets. The

Question 8:

Time: 25 minutes

Total: 15 marks

A Lahore firm has a net income of $36,000 which provides a 9% return on assets. The firm has a debt-equity ratio of .42. What is the return on equity? Show calculations in detail

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