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P3-2 Calculating Profitability Ratios [LO2] Wakers, Inc., has sales of $36 million, total assets of $23 million, and total debt of $7 million. Required: (a)
P3-2 Calculating Profitability Ratios [LO2]
| Wakers, Inc., has sales of $36 million, total assets of $23 million, and total debt of $7 million. |
| Required: |
| (a) | If the profit margin is 8 percent, what is the net income? |
| (Click to select)$2,880,000$1,840,000$2,800,000$1,280,000$2,592,000 |
| (b) | What is the ROA? |
| (Click to select)12.52%30.43%41.14%18.00%11.27% |
| (c) | What is the ROE? |
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Renewable Energy Finance Funding The Future Of Energy
Authors: Charles W Donovan
2nd Edition
1786348594, 9781786348593
