Consider the following information from an income statement and balance sheet:
- NOI: $323,000
- Interest Expense: $165,000
- Total Current Assets: $98,396
- Total Fixed Assets: $2,996,000
- Total Liabilities & Capital: $3,094,396
- Total Liabilities: 2,551,396
1. Calculate Return on Assets (round to nearest tenth of a percent)
2. Calculate Return on Equity (round to nearest tenth of a percent)