Duncan Boutiques total assets are $440,000, its return on assets (ROA) is 8 percent, and its debt

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Duncan Boutique’s total assets are $440,000, its return on assets (ROA) is 8 percent, and its debt ratio is 20 percent. What are Duncan’s

(a) Net income and

(b) Return on equity (ROE)?

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ISBN: 978-1305666870

5th edition

Authors: Scott Besley, Eugene Brigham

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Question Posted: Jan 31, 2020 09:37 AM

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Duncan Boutiques total assets are $440,000, its return on assets (ROA) is 8 percent, and its debt

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