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Below is selected information from Tricrop. Use this information to solve the Questions 1 and 2 below: ---Year 1--- Assets/common equity: 1.37 Net profit margin:
Below is selected information from Tricrop. Use this information to solve the Questions 1 and 2 below: ---Year 1--- Assets/common equity: 1.37 Net profit margin: 19% Income tax rate: 47% Revenues/assets: 0.81 EBIT/revenues: 38% ---Year 2--- Assets/common equity: 1.53 Net profit margin: 21% Income tax rate: 28% Revenues/assets: 0.61 EBIT/revenues: 32% 1. Return on Assets for Year 1 is: A) 30.8% B) 16.3% C) 15.4% D) 14.5%
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