A few of the ratios for Quality Construction Inc., are presented here. Use this information to calculate the firm's ROE. Leverage ratio = 1.50, ROA is 12.00%, profitability ratio is 8.00%
A) 1.44%
B) 12.00%
C) 18.00%
D) 8.00%
C
Explanation: C) ROE = ROA * Leverage Ratio = 12% * 1.50 = 18.00%
Business
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