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Analysis of Financial Statements
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The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be _________?
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The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be _________?
A. 22275
B. 0.1571
C. 0.01925
D. 1.925 times
Correct Answer:
0.1571
✔
Last Updated:
November 23, 2021