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>> Return on assets = 5.5%, Total assets $3,000 and common equity $1,050 then return on equity would be...
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Q. Return on assets = 5.5%, Total assets $3,000 and common equity $1,050 then return on equity would be_________?
a.
$22,275
b.
15.71%
c.
1.93%
d.
1.925 times
ANSWER: 15.71%
Answer & Explanation
No explanation is available for this question!
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