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6. Gate Appliances has a return on assets ratio of 8%. a. If the debt to total assets ratio is 40%, what is the

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6. Gate Appliances has a return on assets ratio of 8%. a. If the debt to total assets ratio is 40%, what is the return on equity? b. If the firm had no debt, what would the return on equity be?

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a The return on equity can be calculated using the formula Return on equity Retur... blur-text-image

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