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By what amount does the company need to increase debt

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Question - Johnson Enterprises reports the following fiscal year results last year: Net income = 135, Total assets = 2,810, Total Liabilities = 1,410.  If the company wants to keep its Return on Assets (ROA) ratio the same but increase its Return on Equity (ROE) to 12%, by what amount (i.e., the change) does the company need to increase its debt?

Reference no: EM132966008

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