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1. Lawn Care, Incorporated has sales of $367,400, costs of $183,600. depreciation of $48,600, interest of $39,200, and tax rate of 21 percent. The Firm
1. Lawn Care, Incorporated has sales of $367,400, costs of $183,600. depreciation of $48,600, interest of $39,200, and tax rate of 21 percent. The Firm has total assets of $328,700, long-term debt of $62,400, and current liabilities of $76,300. What is the return of equity? a. 39.92% b. .76% c. 25.21% d. 78.78% e. 29.02%
2. The connection has an equity multiplier of 1.13, a total asset turnover of .56, and a net profit margin of 18.8 percent. What is the return on assets? a. 9.20% b. 11.67% c. 2.40% d. 11.90% e. 10.52%
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