INTERMEDIATE ACTG LOOSELEAF W/ ACCESS
10th Edition
ISBN: 9781264397488
Author: SPICELAND
Publisher: MCG
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I want to correct answer general accounting question
Swift Manufacturing has the following financial ratios:
. Tax Burden Ratio: 0.75
Leverage Ratio: 1.8
. Interest Burden: 0.65
Return on Sales: 12%
. Asset Turnover: 2.8
Required:
What is the company's Return on Equity (ROE)?
Provide correct answer with accounting
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