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Biosika LLC has $ 5 lacs in assets that are financed with 100% equity. Fixed cost...

Biosika LLC has $ 5 lacs in assets that are financed with 100% equity. Fixed cost are $ 1.2 lacs. The EBIT of the company for the year is $ 80000. The applicable tax rate is 40%. In case its EBIT increases by 10%and reduces by 10% Define, calculate & interpret the
a. Net income
b. Return on equity

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