ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Accounting Question: Lexington Enterprises requires $750,000 in assets and will be 100% equity financed. If the Earnings Before Interest and Taxes (EBIT) is $60,000 and the tax rate is 25%, what is the Return on Equity (ROE)?
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