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Current ratio and quick ratio are two measures of liquidity for a company. 7. If a company holds a return on assets of 47.6%, they

Current ratio and quick ratio are two measures of liquidity for a company. 7. If a company holds a return on assets of 47.6%, they are earning .476 cents on every dollar of assets. 8. If a company has a profit margin of 22.5% and turns its assets into sales 2.5 times per year, a return on assets would be 56.25 % (round your answer to 2 decimal places)

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