can any one check my work to see if its right?

  • Thread starter Thread starter dragonflykelly
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dragonflykelly

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The King Card Company has a return-on-assets (investment) ratio of 12 percent.


a. If the debt-to-total-assets ratio is 40 percent, what is the return on equity? 2% or 019%

b.If the firm had no debt, what would the return-on-equity ratio be? 12%
 
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