Question 10 14 punts) The Wilson Corporation has the following relationships: Sales/Total assets = 3; Return on total assets (ROA) - 13%; Return on common equity (ROE) - 16%. What is Wilson's debt ratio? Question 23 (4 points) Given the following information, what is the firm's return on common equity? BALANCE SHEET INFORMATION Cash - $880,000 Accounts receivable = (not given) Inventory = $1,520,000 Fixed Assets = $4,480,000 Total assets = $8,000,000 Accounts payable = (not given) Long-term debt = $3,200,000 Common stock = $640,000 Retained earnings = $3,410,000 Total liabilities and equity = $8,000,000 INCOME STATEMENT INFORMATION Sales = $24,000,000 Operating expense - $19,680,000 EBIT = $4.320.000 Interest expense = $448.000 EBT = $3.872.000 Taxes - $1,549.000 Net Income - $2,323.000