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Use the information below to answer question 23 and 24. At the end of the cu...
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Use the information below to answer question 23 and 24.
At the end of the current financial year, Protea Ltd reported earnings per share (EPS) of R1.20 and sales of R50 per share. The company has an asset turnover ratio of 2 and a debt-to-equity ratio of 3. Furthermore, it paid dividends of R0.30 per share. Based on this information, t he return on equity (ROE) for Protea Limited is closest to … .
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