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F3a Firm A and Firm B have debt-total asset ratios of 42 percent and 32 percent and returns on total assets of 7 percent and
F3a
Firm A and Firm B have debt-total asset ratios of 42 percent and 32 percent and returns on total assets of 7 percent and 12 percent, respectively. What is the return on equity for Firm A and Firm B? (Do not round intermediate calculations. Round your answers to 2 decimal places, (e.g., 32.16))Step by Step Solution
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