Friends corporation finances investments using two sources: debt and common stock equity. For the year ending December

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Friends corporation finances investments using two sources: debt and common stock equity. For the year ending December 31, 2015, the friends corporation had a net profit margin of 4.5%, and inventory turnover ratio of three, a total asset turnover ratio of 0.72, and a debt to equity ratio of 0.25. What is the return on equity of the company?

Posted Date: May 18, 2024 07:12 PM

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Friends corporation finances investments using two sources: debt and common stock equity. For the year ending December

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