2. Gates Appliances has a return-on-assets (investment) ratio of 10 percent. a. b. If the debt-to-total-assets ratio is 40 percent, what is the return on equity? If the firm had no debt, what would the return-on-equity ratio be? 7. Christy Reed made a $2,000 deposit in her savings account on her 21st birthday, and she has made another $2,000 deposit on every birthday since then. Her account earns 7 percent compounded annually. How much will she have in her account after she makes the deposit on her 32nd birthday