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The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014 Determine the rate earned on
The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014 Determine the rate earned on total assets, the rate earned on stockholders' equity, and the 'ate earned on common stockholders' equity for the years 2015 and 2016. Round to one decimal place. The profitability ratios indicate that Robinson Inc.'s profitability has deteriorated. Because the rate of return on common stockholders' equity exceeds the rate earned on total assets in both years, there is positive leverage from the use of debt
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