Warne Enterprises decides to expand its operations by applying for an additional loan of $600,000 As a result, revenue from ordinary activities is expected to increase by $90,000 Financial data (assume average balances) before and after expansion include:

Before expansion			After expansion
Total assets (average)		$3,488,400			$4,186,000
Total liabilities		930,200			1,627,900
Average shareholders’ equity		2,558,200			2,558,100
Revenue from ordinary activities		1,050,000			1,154,600
Interest expense		69,800			93,000
Other expenses		170,000			210,000
Profit before income tax		810,200			851,600
Income tax expenses (30 per cent)		243,060			255,480
Profit		$567,140			$596,120

Calculate the following. (Round all answers to 2 decimal places, e.g. 15.25. Calculate ROA using profit (not EBIT).)

				Before			After
a.		ROA ratio			%			%
b.		ROE ratio			%			%
c.		Debt to total assets ratio			%			%
d.		Times interest earned ratio			times			times