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Assume That the Following Financial Ratios Were Computed from the 2009

Question 70

Essay

Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries:
Assume that the following financial ratios were computed from the 2009 financial statements of Florida Industries: What was the return on equity for Florida in 2009? a. 4% b. 33% c. 51% d. 11% What was the return on equity for Florida in 2009?
a. 4%
b. 33%
c. 51%
d. 11%

Correct Answer:

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ROE = ROA X Common E...

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