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13. payout ratio 31.8% 13. A firm has an ROE of 3%, a debt/equity ratio of 0.5, and a tax rate of 20%, and pays

13.

payout ratio 31.8% 13. A firm has an ROE of 3%, a debt/equity ratio of 0.5, and a tax rate of 20%, and pays an interest rate of 6% on its debt. What is its operating ROA? (LO 14-2) 14. A firm has a tax burden ratio of 0.75 a leverage ratin 61.25

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