Assume the following relationships for the Brauer Corp.: Sales/total assets 2.4x Return on assets (ROA) 4% Return on equity (ROE) 13%

a. Calculate Brauer's profit margin assuming the firm uses only debt and common equity. Round your answer to two decimal places. %

b. Calculate Brauer's debt-to-assets ratio assuming the firm uses only debt and common equity. Round your answer to two decimal places. %