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A London Ontario Firm Has a Net Income of $32,000

Question 2

Multiple Choice

A London Ontario firm has a net income of $32,000 which provides a 12% return on assets. The firm has a debt-equity ratio of.40. What is the return on equity?


A) 7.20%
B) 8.57%
C) 11.67%
D) 12.00%
E) 16.80%

Correct Answer:

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