QUESTION 6 Lowell Riverhawk Corporation has a total debt to assets ratio of 77.5 percent. Its net income last year was $25,000. If the total debt was $200,000, what was the return on equity (ROE)? O A. 18.75% O B. 20.83% O C. 23.21% O D. 25.96% O E. 29.17% OF. 32.95% O G. 37.50% H. 43.06% QUESTION 7 More Profits, Inc. (MPI) earned a profit of 20% on sales of $17,000,000. Its balance sheet shows total assets of $8,000,000. What is the Total Asset Turnover ratio for MPI? A. 3.00 B. 2.88 C. 2.75 D. 2.63 E. 2.50 F. 2.38 G. 2.25 H. 2.13