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A firm has net income of $114,000,a return on assets of 12.6 percent,and a debt-equity ratio of 0.60.What is the return on equity?
Precedent
A legal principle or rule established in a previous court case that is either binding or persuasive for a court when deciding subsequent cases with similar issues or facts.
Legal Principles
Fundamental truths or doctrines that form the foundation for a system of laws or legal decision-making.
Cases of First Impression
Legal cases in which a court must decide on a matter that has not been previously adjudicated, setting a precedent for future cases.
Public Policy
The principles, laws, and actions adopted or proposed by a government to address issues of public concern, affecting how society manages its resources and governs its members.
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