I want to correct answer general accounting A company borrows $0.80 for every $1 of equity. They earn $0.30 inprofit for every $1 of equity in the firm. What is the firm's return onassets (ROA)?a. 12.5 percentb. 16.67 percentc. 20.0 percentd. 25.0 percente. 30.0 percent

Step 1:Return on Assets is financial metric that how much profit a company generates from its…

Answered: A company borrows $0.80 for every $1 of…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

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What is the return on equity?
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What is the return on equity?

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