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What portion of total assets is financed with debt

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Problem - Fido's Dog Spa's financial statements show that its total assets equal $100,000, its return on assets (ROA) is 3 percent, and its return on equity (ROE) is 5 percent.

Required -

(a) Compute the company's net income.

(b) What portion of total assets is financed with debt? Fido's has no preferred stock.

Reference no: EM132697190

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