Multiple Choice
What is the ROE for a firm with times interest earned ratio of 2,a tax liability of $1 million,and interest expense of $1.5 million if equity equals $1.5 million?
A) -33.33%
B) 30.00%
C) 33.33%
D) 50.00%
Correct Answer:
Verified
Correct Answer:
Verified
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