please answer both, they have been answered wrong

previously, ill give you a thums up if correct

BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 30.5 days Inventory turnover ratio: 5x Fixed assets turnover: 3.5x Current ratio: 1.9x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. $ Cash Accounts receivable Inventories Fixed assets 60,000 Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $300,000 Total liabilities and equity Cost of goods sold Total assets 75,000 $ Sales $ $ Click here to read the eBook Profitability Ratios RETURN ON EQUITY Commonwealth Construction (CC) needs $2 million of assets to get started, and it expects to have a basic earning power ratio of 35%. CC will own no securities, so all of its income will be operating income. If it so chooses, CC can finance up to 50% of its assets with debt, which will have an 7% interest rate. If it chooses to use debt, the firm will finance using only debt and common equity, so no preferred stock will be used. Assuming a 40% tax rate on all taxable income, what is the difference between CC's expected ROE if it finances these assets with 50% debt versus its expected ROE if it finances these assets entirely with common stock? Round your answer to two decimal places. %