Leo's Corp has sales of $ 684,000, operating expenses of $ 437,000, interest expense of $ 13,800, total assets of $ 712,000, and depreciation of $ 109,400. Your annual tax rate is 21% and your equity multiplier is 1.6. How much is your ROE?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Leo's Corp has sales of $ 684,000, operating expenses of $ 437,000, interest expense of $ 13,800, total assets of $ 712,000, and depreciation of $ 109,400. Your annual tax rate is 21% and your equity multiplier is 1.6. How much is your ROE?

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