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Problem 3 - 2 2 Return on Equity [ LO 2 ] Firm A and Firm B have debt - total asset ratios of 2

Problem 3-22 Return on Equity [LO2]
Firm A and Firm B have debt-total asset ratios of 29 percent and 19 percent, respectively, and returns on total assets of 6 percent and 12 percent, respectively. What is the return on equity for Firm A and Firm B?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
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