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Problem 3 - 1 1 Return on Equity Firm A and Firm B have debt - total asset ratios of 3 5 percent and 2

Problem 3-11 Return on Equity
Firm A and Firm B have debt-total asset ratios of 35 percent and 25 percent,
respectively, and returns on total assets of 9 percent and 13 percent, respectively. What
is the return on equity for Firm A and Firm B?(Do not round intermediate calculations
and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
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