Question: Please show all work and formulas used (not excel or financial calculator) thank you! :) 1A. A firm has net income of $197,400, a return

Please show all work and formulas used (not excel or financial calculator) thank you! :)

1A. A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of 0.72. What is the return on equity?

1B. Tessler Farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of 0.87.

What is the return on assets?

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