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3. Black and Blue Inc. reported $60,000 in net income last year. Some of its financial ratios for that year are as follows: Return on

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3. Black and Blue Inc. reported $60,000 in net income last year. Some of its financial ratios for that year are as follows: Return on assets 15% Return on equity 24% Profit margin 8% Based on the data provided, compute the following: Total assets Total equity Total liabilities Net sales Asset turnover Debt to equity ratio

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