1. Raymond corp's sales last year were $48,500, and its total assets were $19,800, total debt $10,000 and marginal tax rate 40%. What was the total assets turnover ratio (TATO)?
2. last year ross inc. had sales of 330,000 and a net income of $20,000, and its year end assets were 250,000. The firm's total debt to total assets ratio was 40.00%. Based on the Dupoint equation, what was the ROE?