Mike's Place has total assets of $123,800, a debt-equity ratio of 0.7, and net income of $8,100.

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Mike's Place has total assets of $123,800, a debt-equity ratio of 0.7, and net income of $8,100. What is the return on equity? (4 pts) T/A= $123,800.00 D/E ratio= 0.7 NI= $8,100.00 ROE= 11.12%

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Posted Date: May 11, 2024 07:40 AM

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Mike's Place has total assets of $123,800, a debt-equity ratio of 0.7, and net income of $8,100.

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Financial Accounting

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