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Tutorial   25855

The Saw Mill has a return on assets of 6.1 percent, a total asset turnover rate of 1.8, and a debt-equity ratio of 1.6. What is the return on equity? ...

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Question:

The Saw Mill has a return on assets of 6.1 percent, a total asset turnover rate of 1.8, and a debt-equity ratio of 1.6. What is the return on equity?

a)      12.28 percent

b)      4.26 percent

c)       19.03 percent

d)      15.86 percent

e)      9.76 percent

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