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The King Card Company has a ROA (investment) ratio of 14 percent. (Show all your workings and calculations) a. If the debt-to-total-assets ratio is 45

The King Card Company has a ROA (investment) ratio of 14 percent. (Show all your workings and calculations)

a. If the debt-to-total-assets ratio is 45 percent, what is the ROE? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

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

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