The King Card Company has a ROA $($investment$)$ ratio of $12$ percent.

a$.$ If the debt$-$to$-$total$-$assets ratio is $40$ percent, what is the ROE? $($Do not round intermediate calculations.$)$

ROE

$\%$

b$.$ If the firm had no debt, what would the ROE be$?$

ROE

$12$

$\%$