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You are given the following information about a firm: • • Return on assets (ROA) is 12 percent, and total assets are $6,000,000. The firm's common equity is $50 per share, and there are 150,000 shares of common stock outstanding. What is the return on equity (ROE)?

You are given the following information about a firm: • • Return on assets (ROA) is 12 percent, and total assets are $6,000,000. The firm's common equity is $50 per share, and there are 150,000 shares of common stock outstanding. What is the return on equity (ROE)?

Intermediate Financial Management (MindTap Course List)
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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Please give me true answer this financial accounting question

You are given the following information about a firm: • • Return on assets (ROA) is 12 percent, and total assets are $6,000,000. The firm's common equity is $50 per share, and there are 150,000 shares of common stock outstanding. What is the return on equity (ROE)?
Transcribed Image Text:You are given the following information about a firm: • • Return on assets (ROA) is 12 percent, and total assets are $6,000,000. The firm's common equity is $50 per share, and there are 150,000 shares of common stock outstanding. What is the return on equity (ROE)?
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