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S03-22 Return on Equity [LO2] Firm A and Firm B have debt-total asset ratios of 65 percent and 45 percent, respectively, and returns on total
S03-22 Return on Equity [LO2] Firm A and Firm B have debt-total asset ratios of 65 percent and 45 percent, respectively, and returns on total assets of 5 percent and 9 percent, respectively. What is the return on equity for Firm A and Firm B? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) Firm A Firm B Return on equity
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