Essay
A company has announced $50,000 in net income after paying taxes of $26,000 and interest of $20,000. It intends to pay $17,000 of net income as dividends. Its assets have averaged $600,000 over the past year, during which its total debt ratio has averaged 40%. Given this information, calculate the ROA and ROE.
Correct Answer:
Verified
Correct Answer:
Verified
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