On December $31,2018,$ Barbie Bank securitized $$3,000,000$ of notes receivable using a securitization entity it had established. The cash received from the securitization entity was exactly $$3,000,000,$ so Barbie recognized no gain or loss on the transaction. Barbie Bank has the following account balances at December $31,2018$ before the securitization was recorded:

Assets

$$

$$

$$

$$

Notes receivable

$

$5,000,000$

$$

$$

All other assets

$$

$15,000,000$

$$

$$

Total assets

$

$20,000,000$

$$

$$

Liabilities and equity

$$

$$

$$

$$

Liabilities

$

$14,000,000$

$$

$$

Equity

$$

$6,000,000$

$$

$$

Total liabilities and equity

$

$20,000,000$

$$

$$

Net income for the year ended December $31,2018$

$

$1,600,000$

$$

$$

$$

Required:

a$.$ Compute Barbie Bank's return$-$on$-$assets ratio and debt$-$to$-$equity ratio after completing this transaction assuming the transaction was viewed as a sale under U$.$S$.$ GAAP.

b$.$ Compute Barbie Bank's return$-$on$-$assets ratio and debt$-$to$-$equity ratio after completing this transaction assuming the transaction was viewed as a collateralized borrowing under U$.$S$.$ GAAP.