Duncan Boutique’s total assets are $440,000, its return on assets (ROA) is 8 percent, and its debt ratio is 20 percent. What are Duncan’s (a) net income and (b) return on equity (ROE)?
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Duncan Boutique’s total assets are $440,000, its return on assets (ROA) is 8 percent, and its debt ratio is 20 percent. What are Duncan’s (a) net income and (b) return on equity (ROE)?