mlbaker534 mlbaker534

27-02-2024
Business

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What is the ROE for a firm with a times interest earned ratio of 2, a tax liability of $1 million, and interest expense of $1.5 million if equity equals $1.5 million?
a) 66.67%
b) 75.00%
c) 80.00%
d) 90.00%

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