What is thomas company''s return on equity (roe)
Thomas Company had income before interest and taxes of $120,000. Interest expense for the period was $17,000 and income taxes amounted to $28,500. The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
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The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
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