CIBC's return on assets was 0.8%. During the same year, CIBC reported a return on common shareholders'

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CIBC's return on assets was 0.8%. During the same year, CIBC reported a return on common shareholders' equity of 21.8%. Has CIBC made effective use of leverage? Explain.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:44 AM

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CIBC's return on assets was 0.8%. During the same year, CIBC reported a return on common shareholders'

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Financial Accounting Tools for Business Decision Making

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