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Hi, my name is ***** ***** I can help. Just quick question since people use different abbreviations, what do you mean by "TI?"
okay, here is how to solve: assets = liabilities + equity, solve for equity,
400,000 = 1.5D
D = 266,666.67
E = 133,333.33
60,000/133,333,33 = 45% ROE
I disagree with the other expert, you are right about the equation.
Total Assets = Debt (Liabilities) + Equity
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Sorry sent it wrongly, take care.