In words, what does a ROE (return on equity) of 17.00% mean? For each $1.00...
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In words, what does a ROE (return on equity) of 17.00% mean? For each $1.00 of sales, the firm generated $17 in net income For each $1.00 of total assets, the firm has fixed assets of $0.17 For each $1.00 of the firm's equity, the firm generated $0.17 in net income For each $1.00 of sales, the firm pays $0.17 in taxes O For each $1.00 of shareholders' investment, the firm has current assets of $1.70
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