Question: I am looking for the correct answer to this general accounting question with appropriate explanations. Firm X and Firm Y have debt-to-total asset ratios of

I am looking for the correct answer to this general accounting question with appropriate explanations.

Firm X and Firm Y have debt-to-total asset ratios of 40% and 25%, respectively, and return on assets (ROA) of 14% and 12%, respectively. Which firm has a greater return on equity (ROE)

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