[Solved] Thomas Company had income before interest

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Thomas Company had income before interest and taxes of $128.000. Interest expense for the period was $17,800 and income taxes amounted $688,000. Thomas' return on

Thomas Company had income before interest and taxes of $128.000. Interest expense for the period was $17,800 and income taxes amounted $688,000. Thomas' return on equity (ROE) is closest to: $29,300. The average stockholders' equity was Multiple Choice 16.02% O O O 11.76% 14.359 0 0 o o 18.60%

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