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Compute mitchel return on equity

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Mitchel, Inc. has a debt ratio of 12 percent and ROA = 40 percent. Compute Mitchel's Return on Equity (ROE). (Record your answer as a percent rounded to one decimal place but do not include the percent sign in your answer. Thus, record .32184 =32.1% as 32.1).

Reference no: EM131412680

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