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ABC Corp has equity of $600,000. Its ROA is 12% and the ROE is 1.4 times its ROA. Calculate the company's total assets.

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 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Need correct answer general Accounting

ABC Corp has equity of $600,000. Its ROA is 12% and the
ROE is 1.4 times its ROA. Calculate the company's total
assets.

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