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Liam's Bakery has a return on assets of 10%. Liam's total assets are $200, while owner's equity is $80 and debt equals $120. What is Liam's return on equity?

Liam's Bakery has a return on assets of 10%. Liam's total assets are $200, while owner's equity is $80 and debt equals $120. What is Liam's return on equity?

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 16PROB
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return on equity?

Liam's Bakery has a return on assets of 10%. Liam's total assets are $200, while owner's equity is $80 and debt equals $120. What is Liam's return on equity?
Transcribed Image Text:Liam's Bakery has a return on assets of 10%. Liam's total assets are $200, while owner's equity is $80 and debt equals $120. What is Liam's return on equity?
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