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Griffey Junior Wear has $1,040,000 in assets and $643,000 of total debt. It reports net income of $193,000. a. What is its ROA? (Do not

Griffey Junior Wear has $1,040,000 in assets and $643,000 of total debt. It reports net income of $193,000.

a. What is its ROA? (Do not round intermediate calculations. Round the final answer to 1 decimal place.)

Return on assets %

b. What is the return on shareholders equity? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Return on equity %

c. If the firm has an asset turnover ratio of 4.50 times, what is the profit margin? (Round the final answer to 2 decimal places.)

Profit margin

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