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Juliet Corporation has entered into business on July 1, 20X5. The owner, Romeo Juliet, conducted the following transactions during the month of July: - Invested

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Juliet Corporation has entered into business on July 1, 20X5. The owner, Romeo Juliet, conducted the following transactions during the month of July: - Invested $50,000 of his own money in exchange for equity in the company. - Took out a loan for $100,000 at 7% interest for 3 years. - Purchased equipment for operations worth $125,000 in cash. It is expected to have no salvage value after its useful life of 10 years. - Purchased 1,500lbs of materials at $1.00 per pound. - Used 1,350 lbs of materials to make 450 units of inventory. - Sold 425 units of inventory at a price of $6.50 each in cash. - Recorded interest on the loan for the month. - Recorded depreciation on the equipment for the month. 1. What is the gross profit margin? Round your answer to the nearest whole number percentage. (i.e: 10.6%>11 ) Do not enter a percent sign. 2. What is the return on equity? Round your answer to the nearest hundredth of a percentage. (i.e: 0.76%0.76 ) Do not enter a percent sign. Include a negative sign, if needed. 3. What is the return on assets? Round your answer to the nearest hundredth of a percentage. (i.e.: 0.76%0.76 ) Do not enter a percent sign. Include a negative sign, if needed. 4. What is the debt to equity ratio? Round your answer to the nearest hundredth. (i.e.: 2.47 or 3.65 ) Include a negative sign, if needed

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