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Calculate their return on assets and equity

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Reference no: EM132949266

Question - Given the following information for Victory Stables, calculate their return on assets and equity and comment on the use of these ratios (why would we use them? what do they tell us?).

Net income $50,000

Interest expense 8,500

Income tax expense 15,250

Preferred dividends 2,500

Reference no: EM132949266

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