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3. If a firm has a return on assets of 10% and a 40% debt-to-total-assets ratio, what will the return on equity be? 4 .

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3. If a firm has a return on assets of 10% and a 40% debt-to-total-assets ratio, what will the return on equity be? 4 . If a firm has an after-tax profit margin of 8%, an asset tumover of 3 times, and no debt, what will be its return on assets and return on equity

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