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Jin's Appliances has a return-on-assets (investment) ratio of 19 percent. a. If the debt-to-total-assets ratio...

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Finance

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Jin's Appliances has a return-on-assets (investment) ratio of 19 percent. a. If the debt-to-total-assets ratio is 60 percent, what is the return on equity? Note: Input your answer as a percent rounded to 2 decimal places. b. If the firm had no debt, what would the return-on-equity ratio be? Note: Input your answer as a percent rounded to 2 decimal places

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