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Duffert Industries has total assets of $1,080,000 and total current liabilities (consisting only of accounts...

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Accounting

Duffert Industries has total assets of $1,080,000 and total current liabilities (consisting only of accounts payable and accruals) of $100,000. Duffert finances using only long-term debt and common equity. The interest rate on its debt is 7% and its tax rate is 40%. The firms basic earning power ratio is 14% and its debt-to capital rate is 40%. What are Dufferts ROE and ROIC?

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