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The manager of NN Co. estimates the following data for the coming year Assets (A) $200,000 Debt to Assets (D/A) 70% Earnings before interest and
| The manager of NN Co. estimates the following data for the coming year | |
| Assets (A) | $200,000 |
| Debt to Assets (D/A) | 70% |
| Earnings before interest and tax (EBIT) | $20,000 |
| Interest rate (I) | 6% |
| Tax rate (t) | 30% |
| Find return on equity (ROE) |
| Less than 10% |
| Between 11%, and ?12%. |
| Between 12%, and 14%. |
| More than 14% |
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Multinational Management
Authors: John B. Cullen
6th edition
1285094946, 1285094948, 9781285696744 , 978-1285094946
