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Since the ROA measures the firm's effective utilization of assets (without considering how these assets are financed), two firms with the same EBIT must have
Since the ROA measures the firm's effective utilization of assets (without considering how these assets are financed), two firms with the same EBIT must have the same ROA.
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
