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9. Waldale Pools has total equity of $636,634 and net income of $65,830. The debt-equity ratio is 0.73 and the total asset turnover is 1.37.
9. Waldale Pools has total equity of $636,634 and net income of $65,830. The debt-equity ratio is 0.73 and the total asset turnover is 1.37. What is the profit margin?
10. New Steel Products has total assets of $377,400, a total asset turnover rate of 1.83, a debt-equity ratio of 1.04, and a return on equity of 0.35. What is the firm's net income?
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