Financial Accounting: The Saw Mill has a return on assets of 7.1 percent, a total asset turnover rate of 1.9, and a debt-equity ratio of 1.8. What is the return on equity?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
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Financial Accounting: The Saw Mill has a return on assets of 7.1 percent, a total asset turnover rate of 1.9, and a debt-equity ratio of 1.8. What is the return on equity?

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