
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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SUBJECT: FINANCIAL ACCOUNTING

Transcribed Image Text:A firm's net income for the year
was $150,000. Average assets
totaled $2 million, and average
liabilities totaled $400,000. The
on equity (ROE) was
return
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