Question: A firm has ROA (Return on Assets) of 16% and has the debt- equity ratio of 40%. What's the Return on Equity (ROE)? O 16.00%

A firm has ROA (Return on Assets) of 16% and has the debt- equity ratio of 40%. What's the Return on Equity (ROE)? O 16.00% O 19.80% O 25.40% O 22.40%
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