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7. DuPont Identity. X Corp. has net income of $20 million, Sales of $100 million, asset turnover of .6, and debt-equity ratio of 40%. a.
7. DuPont Identity. X Corp. has net income of $20 million, Sales of $100 million, asset turnover of .6, and debt-equity ratio of 40%. a. What is its return on equity? b. If X increases its debt-equity ratio to 60%, what happens to its return on equity
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