We know that Company X has a total debt ratio of 37%. This year, company...
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Finance
We know that Company X has a total debt ratio of 37%. This year, company X is obtaining a ROA (return on assets) of 7%. Company X has a major competitor: Company Y. This year, Company Y is obtaining a ROA of 10. It's total debt ratio is 27%. Please use the information to calculate the ROE (return on equity) for the two companies. Enter your answers as a percent rounded to 2 decimal places, e.g., 22.22.) Company X's ROE Company Y's ROE % % AR A
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