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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?

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 %