What portion of total assets is financed with dept

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Reference no: EM13803347

Fido's Dog Spa's financial statements show that its total assets equal $100,000, its return on assets is 3% and its return on equity is 5%

a) Compute the company's net income

b) What portion of total assets is financed with dept?

Fido's has no preferred stock

Reference no: EM13803347

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