Question
Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.2 Return on assets (ROA) 4% Return on equity (ROE) 7% Calculate
Assume you are given the following relationships for the Haslam Corporation:
| Sales/total assets | 1.2 |
| Return on assets (ROA) | 4% |
| Return on equity (ROE) | 7% |
Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places.
Profit margin: ?%
Liabilities-to-assets ratio: ?%
Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. ?
Do not round intermediate calculations. Round your answer to two decimal places.
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul A Copley
11th Edition
0078025451, 9780078025457
