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13. Ramirez Manufacturing has a rate of retum on assets (ROA) of 9.0%, but its rate of return on equity (ROF equals 15.0%. What percentage

13. Ramirez Manufacturing has a rate of retum on assets (ROA) of 9.0%, but its rate of return on equity (ROF equals 15.0%. What percentage of the firm's assets is financed with debt? A. 31% B. 40% C. 50% D. 60% E. 80%

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