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Jin's Appliances has a return - on - assets ( investment ) ratio of 1 2 percent. a . If the debt - to -

Jin's Appliances has a return-on-assets (investment) ratio of 12 percent.
a. If the debt-to-total-assets ratio is 30 percent, what is the return on equity?
Note: Input your answer as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
Return on equity
1.43
%
b. If the firm had no debt, what would the return-on-equity ratio be?
Note: Input your answer as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
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