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please show all work and calculations. legget industries had total assets of $1,050,000 and total current liabilites (consisting only of accounts payable and accruals) of
please show all work and calculations.
legget industries had total assets of $1,050,000 and total current liabilites (consisting only of accounts payable and accruals) of $150,000. duffert finances using only long term debt and common equity. the interest rate on its debt is 9% and its tax rate is 40%. the firms basic earning power is 15% and its debt - to cpaital rate is 40%. what are dufferts ROE and ROIC? do not round your intermediate calculations.
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