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a 4. Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2.

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a 4. Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2. What is Cliff Corp.'s ROA? 8.70% b. 18.92% c. 19.14% d. 22.12% e. None of the above. Correct answer 5. Farah's Fashions has net working capital of $600, long-term debt of $4,000, total assets of $8,200 and net fixed assets of $4,200. What is the amount of total liabilities? a. $3,400 b. $4,000 c. $4,130 d. $7,400 e. None of the above. Correct

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