A company has the following: a) Debt of 25,000,000 on which interest is charged at 5%pa...
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A company has the following: a) Debt of €25,000,000 on which interest is charged at 5%pa b) A Debt/Equity ratio of 5 c) Interest cover for the year ended 31 Dec 2021 was 3 What was the Return on Equity for the year ended 31 Dec 2021? assume zero tax. 75% 25% 16% 50% A company has the following: a) Debt of €25,000,000 on which interest is charged at 5%pa b) A Debt/Equity ratio of 5 c) Interest cover for the year ended 31 Dec 2021 was 3 What was the Return on Equity for the year ended 31 Dec 2021? assume zero tax. 75% 25% 16% 50%
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Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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