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3. Gates Appliances has a return-on-assets (investment) ratio of 9 percent. (5 Points) a. If the debt-to-total-assets ratio is 35 percent, what is the return

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3. Gates Appliances has a return-on-assets (investment) ratio of 9 percent. (5 Points) a. If the debt-to-total-assets ratio is 35 percent, what is the return on equity? b. If the firm had no debt, what would the return-on-equity ratio be

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