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1) If a firm has a 56

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1) If a firm has a 56.24% debt to asset ratio, what is its debt to equity ratio? (Answer should be a %).

2. A firm a basic earning power of 11.7% has total assets of $57, debt of $28 with an average rate of 8.4%. What is the firm's ROE at a tax rate of 39%? (Your answer is a %, so multiply your result by 100).

3. A firm has retained earnings of $1.25 million at the end of fiscal 2018. During the past year (2019), the firm's net income was $575,000, and it paid dividends to common stockholders of $113,000. What are the firm's retained earnings at the end of fiscal 2019?