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Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000. (a) What is the return on the assets?

image text in transcribed Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000. (a) What is the return on the assets? (Omit the "\%" sign in your response.) (b) What is the return on the stockholders' equity? (Omit the "\%" sign in your response.) (c) If the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)? (Round your answer to 2 decimal places. Omit the "\%" sign in your response.) [From Block: Foundations of Financial Management, 14e (0073530727): P3-8 with Hint \#1 with Guided Example]

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