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The King Card Company has a ROA (investment) ratio of 20 percent. a. If the debt-to-total-assets ratio is 25 percent, what is the ROE? (Do

The King Card Company has a ROA (investment) ratio of 20 percent.

a.If the debt-to-total-assets ratio is 25 percent, what is the ROE?(Do not round intermediate calculations. Round the final answer to 2 decimal places.)

ROE%

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

ROE%

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