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Business, 20.11.2021 08:40 Clerry

Spear Corp. had sales of $2,000,000, a profit margin of 11%, and assets of $2,500,000. Spear decided to reduce its debt ratio to 0.40 from 0.50 by selling new common stock and using the proceeds to repay principal on some outstanding long-term debt. After the refinancing, what is Spear's return on equity?

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Spear Corp. had sales of $2,000,000, a profit margin of 11%, and assets of $2,500,000. Spear decided...
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