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2 3 . Return on Equity ( LO 3 ) Firm A and Firm B have total debt ratios of 4 5 % and 3

23 .

Return on Equity

(

3)

Firm A and Firm B have total debt ratios of

45 %

and

35 %

and return on assets of

9 %

and

12 %,

respectively. Which firm has a greater return on equity?

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