A firm has sales of 380 million and assets of 135 million.

The debt ratio is 30% and the current ratio is 3.

The firm has fixed assets of 75 million.

The operating profit margin is 35% and the net profit margin is 20%.

What is the firm's return on equity?

		80%
		70%
		30%
		20%

Firm A has a third quarter fixed-asset turnover ratio

that is substantially higher than the industry's annual average. Which of the following is false?

		Firm A is probably less productive than the industry
		Firm A's ratio might be affected by seasonality
		Firm A's ratio might be different because of accounting methods regarding assets
		The industry's number might not be desirable