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Duffert Industries Has Total Assets of $1,050,000 and Total Current

question 51

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Duffert Industries has total assets of $1,050,000 and total current liabilities (consisting only of accounts payable and accruals) of $150,000.Duffert finances using only long-term debt and common equity.The interest rate on its debt is 9% and its tax rate is 40%.The firm's basic earning power ratio is 15% and its debt-to capital rate is 40%.What are Duffert's ROE and ROIC? Do not round your intermediate calculations.


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