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Griffey Junior Wear has $1,810,000 in assets and $692,000 of total debt. It reports net income of $161,000. a. What is its ROA? (Do not
Griffey Junior Wear has $1,810,000 in assets and $692,000 of total debt. It reports net income of $161,000.
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 1.80 times, what is the profit margin? (Round the final answer to 2 decimal places.)
Profit margin %
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