Multiple Choice
A firm has an ROA of 19%, a debt/equity ratio of 1.8, and a tax rate of 30%, and the interest rate on its debt is 7%. Its ROE is ________.
A) 15.12%
B) 28.42%
C) 37.24%
D) 40.6%
Correct Answer:
Verified
Correct Answer:
Verified
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