Question: practice #3. Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity firm. Its

practice #3. Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity firm. Its return on equity has dropped from 12.50% to 10.00% as a result of this. Google, Inc. continues to have debt in its capital structure, and its debt-to-equity ratio is 30.00%. What is the percentage return on assets of Google, Inc.? (Allow two decimals in the percentage but do not enter the % sign.)

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