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Two firms, X & Y, have a debt-total asset ratio of 25 percent and 45 percent and returns on total assets of 8 percent and
Two firms, X & Y, have a debt-total asset ratio of 25 percent and 45 percent and returns on total assets of 8 percent and 6 percent, respectively. Which firm has a better return on equity? Download the linked spreadsheet template and use it for your answer. Once complete, upload the template to this question. Don't forget to show your work
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