Please answer the following questions completely and shows the clear step. Thanks

1. Company A discloses the following information:

Return on equity = 15 percent

Net operating and investment profit after taxes (NOPAT + NIPAT) = 500,000

Business assets = 4,000,000

Effective interest rate after tax = 8 percent

Company As financial leverage (debt-to-equity ratio) is

a.Between 40 and 49.9 percent

b.Between 50 and 59.9 percent

c.Between 60 and 69.9 percent

d.Between 70 and 79.9 percent

2. Company B discloses the following information:

Return on net operating assets = 10 percent

Net operating profit after taxes = 500,000

Revenue = 3,000,000

Equity = 2,000,000

Company Bs operating asset turnover is

a.Between 40 and 49.9 percent

b.Between 50 and 59.9 percent

c.Between 60 and 69.9 percent

d.Between 70 and 79.9 percent