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  3. the return on assets for ayala corporation is 7.6%

The return on assets for Ayala Corporation is 7.6%. During the same year, Ayalas return...

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Accounting

The return on assets for Ayala Corporation is 7.6%. During the same year, Ayalas return on common stockholders equity is 12.8%. What is the explanation for the difference in the two rates?

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