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Question
The Amer Company has the following characteristics:
Sales: $1,000
Total Assets: $1,000
Total Debt/Total Assets: 35%
EBIT: $200
Tax rate: 40%
Interest rate on total debt: 4.57%
What is Amer's ROE?
a. 11.04%
b. 12.31%
c. 16.99%
d. 28.31%
e. 30.77%
Answer
This answer is hidden. It contains 209 characters.
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