Question
Firm A and Firm B have debt / total asset ratios of 40 percent and 30 percent and return on total assets of 9 percent
Firm A and Firm B have debt / total asset ratios of 40 percent and 30 percent and return on total assets of 9 percent and 14 percent, respectively.
What is the return on equity for Firm A and Firm B?(Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)
Firm AFirm BReturn on equity%%
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
