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Griffey Junior Wear has $1,590,000 in assets and $684,000 of total debt. It reports net income of $121,000. a. What is its ROA? (Do not
Griffey Junior Wear has $1,590,000 in assets and $684,000 of total debt. It reports net income of $121,000.
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 3.00 times, what is the profit margin? (Round the final answer to 2 decimal places.) Profit margin ?%
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