2Adams operates his $32500 firm using his own equity. Bob operates his firm with $16250 of his own money plus $16250 of debt at a cost of 8 percent interest. Calculate Adams's and Bob's return on equity if their respective businesses produce earnings before interest and tax of $6500. Assume perfect markets.

Adams's return on equity: %

Bob's return on equity: %

Place your answer in percentage form with two decimal places. For example, an answer of eleven point five zero percent would be entered 11.50.

3 Joe owns and operates Socccer Stores of America. He has $300000 of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $600000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor. Percentage of debt in the corporation= %

Place your answer in percentage form with two decimal places. The corporation's leverage factor= Place your answer as a number with two decimal places.