Business, 04.10.2020 06:01 Mynameismath
Duffert Industries has total assets of $1,040,000 and total current liabilities (consisting only of accounts payable and accruals) of $105,000. Duffert finances using only long-term debt and common equity. The interest rate on its debt is 7% and its tax rate is 25%. The firm's basic earning power ratio is 14% and its debt-to capital rate is 40%. What are Duffert's ROE and ROIC
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