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3. The Elegant Dump Inn has the below ratios: Return on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and
3. The Elegant Dump Inn has the below ratios:
Return on Equity: 10%
Total Asset Turnover: 1.5
Profit Margin: 5%
Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant for the last 2 years.
What are the Inns annual sales?
What are the Inns net income?
What is the amount of the Inns total debt (liabilities)?
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