What is the return on equity for firm, Finance Basics

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What is the return on equity for firm

Problem:

Firm A and Firm B have debt-total asset ratios of 27 percent and 17 percent and returns on total assets of 8 percent and 12 percent, respectively.

Required:

Question: What is the return on equity for Firm A and Firm B?

Note: Could someone please give me a step by step solution?

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Finance Basics: What is the return on equity for firm

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Finance Basics: What is the return on equity for firm

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