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Business, 14.04.2020 21:06 mikequntana512

Fama's French Bakery has a return on assets (ROA) of 10% and a return on equity (ROE) of 14%. Fama's total assets equal total debt plus common equity (that is, there is no preferred stock). Furthermore, we know that the firm's total assets turnover is 5. What is Fama's debt ratio? a. 71.43% b. 55.56% c. 28.00% d. 14.29% e. 28.57%

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