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The Saw Mill Has a Return on Assets of 7

Question 96

Multiple Choice

The Saw Mill has a return on assets of 7.92 percent, a total asset turnover rate of 1.18, and a debt-equity ratio of 1.46.What is the return on equity?


A) 14.26 percent
B) 13.64 percent
C) 12.28 percent
D) 19.48 percent
E) 12.03 percent

Correct Answer:

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