18 m 4 B D 15 16 17 18 19 20 21 22 23 24 Debt/Total Assets Total Assets Debt Equity Total Liabilities and Equity Operating Income (EBIT) = (Sales - Operating Expenses) Interest Rate on Debt Interest Earnings Before Tax (EBT) Income tax (34%) Net Income Return on Equity (ROE) 0% 2.51% 3.58% 8.36% 10.18% 9.90% Clear my selection 2,000,000 300,000 12% Calculate the ROE when Debt/Total Assets is 70%. 30% 2,000,000 300,000 14% 70% 2,000,000 300,000 16%