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a. Calculate return on common equity for Year 9 using year-end amounts and assuming no preferred dividends.

b. Disaggregate Merck's ROCE into operating (RNOA) and nonoperating components.  Comment on Merck's use of leverage.  (Assume all assets and current liabilities are operating and a 35% tax rate.)

Corporate Finance, Finance

  • Category:- Corporate Finance
  • Reference No.:- M9751165

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