A company currently has $400 million of assets financed with $250 million of debt and $150 million of equity. Net income last year was $20 million. Calculate the companys return on assets ratio and debt/equity ratio: Using excel

a. Now

b. Assuming the company had leased $25 million of its assets off the balance sheet

c. Assuming the company had leased $50 million of its assets off the balance sheet

d. Assuming the company had leased $75 million of its assets off the balance sheet