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What is the rate of return on assets

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Reference no: EM132489242

Wilma and Fred Farmer have the following information about their farm:

Assets $1,600,000

Liabilities $600,000

Interest on Debt 9%

Tax Rate 20%

Consumption 45%

Growth Rate on Equity 6.8%

Question 1: What is their rate of return on assets?

Reference no: EM132489242

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