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In 2008, Jakes Jamming Music, Inc. announced an ROA of 8.56%, ROE of 14.5%, and profit margin of 20.5%. The firm had total assets of
In 2008, Jakes Jamming Music, Inc. announced an ROA of 8.56%, ROE of 14.5%, and profit margin of 20.5%. The firm had total assets of $16.5 million at year-end 2008. Calculate the 2008 values of net income available to common stockholders, common stockholders equity, and net sales for Jakes Jamming Music, Inc.
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