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6 The following information is available for the Maine Company and the lowa Company: 4 points eBook Prin References Total assets Total liabilities Stockholders'

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6 The following information is available for the Maine Company and the lowa Company: 4 points eBook Prin References Total assets Total liabilities Stockholders' equity Net income Required Maine Company Iowa Company $704,000 $156,000 422,000 112,000 282,000 44,000 42,018 9.768 a. For each company, compute the debt-to-assets ratio and the return-on-equity ratio b. Determine what percentage of each company's assets were financed by the owners c. Which company has the greatest level of financial risk? d. Based on profitability alone, which company performed better? e. Do the preceding ratios support the concept of financial leverage? Complete this question by entering your answers in the tabs below. Req A Req B Reg C to E For each company, compute the debt-to-assets ratio and the return-on-equity ratio. (Round your answers to 1 decimal plac Maine dows 6f6 Check m

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