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The corporation has Net Income of $132,000. Total Assets are $1,568,000. The debt-equity ratio is .40. 1) what is the amount of debt? 2) what

The corporation has Net Income of $132,000. Total Assets are $1,568,000. The debt-equity ratio is .40.

1) what is the amount of debt?

2) what is the amount of equity?

3) what is the return on equity? (Rounded to 2 decimal points in % format)

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