Gates Appliances has a return-on-assets (investment) ratio of 18 percent. a. If the debt-to-total-assets ratio is 25 percent, what is the return on equity? (Input your answer as a percent rounded to 2 decimal places.) Return on equity % b. If the firm had no debt, what would the return-on-equity ratio be? (Input your answer as a percent rounded to 2 decimal places.) Return on equity 0 % Galehouse Gas Stations Inc. expects sales to increase from $1,500,000 to $1,700,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 70 percent of sales. His firm has an 10 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will b. If the dividend payout is only 15 percent, what effect will this growth have on funds? The cash balance will [