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    Business
  3. Study Set
    Fundamentals of Corporate Finance
  4. Exam
    Exam 2: Introduction to Financial Statement Analysis
  5. Question
    Use the Table for the Question(s)below
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Use the Table for the Question(s)below

Question 66

Question 66

Essay

Use the table for the question(s)below.
Consider the following income statement and other information:
Use the table for the question(s)below. Consider the following income statement and other information:    -Calculate Luther's return of equity (ROE), return of assets (ROA), and price-to-earnings ratio (P/E)for the year ending December 31, 2011.
-Calculate Luther's return of equity (ROE), return of assets (ROA), and price-to-earnings ratio (P/E)for the year ending December 31, 2011.

Correct Answer:

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ROE = NI/shareholder equity = 10.2/63.6 ...

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