mitchel. Inc. has a debt ratio of 33 percent and ROA = - 27 percent. Compute Mitchel\'s Return on Equity (ROE). (Record your answer as a percent rounded to one decimal place But do not include the percent sign in your answer. Thus, record.32184 -32.1% as 32.1). Solution ROE = ROA*1/(1-Debt ratio) ROE=0.27*1/(1-0.33)= 40.3.