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Firms A has a debt to asset ratio of 75%, $240,000 in debt, and net income of $48,000. Firms B has a debt to asset
Firms A has a debt to asset ratio of 75%, $240,000 in debt, and net income of $48,000. Firms B has a debt to asset ratio of 70%, $190,000 in debt, and net income of $60,000. Which firm has the greatest return on equity?
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