Last year, Atlantic Richfield had sales of $325,000 and a ne…

Last year, Atlantic Richfield had sales of $325,000 and a net income of $25,200.  The firm finances using only debt and common equity, and total assets equal total invested capital.  Year-end assets were $250,000, and the firm’s debt ratio (total-debt-to-total-capital ratio) was 15%.  What was their ROE?    Your answer should be between 7.12 and 15.40, rounded to 2 decimal places, with no special characters.

Edelman Engines has $18 million in total assets. Its balance…

Edelman Engines has $18 million in total assets. Its balance sheet shows $2 million in current liabilities, $10 million in long-term debt, and $6 million in common equity. It has 300,000 shares of common stock outstanding, and its stock price is $31.80 per share. What is Edelman’s market/book (M/B) ratio? Your answer should be between 1.04 and 1.96, rounded to 2 decimal places, with no special characters.