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Please answers 1 and 2 E- GENERAL EXERCISES: (15 points) 1- A firm has a profit margin of 15 percent on sales of $20,000,000. If

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E- GENERAL EXERCISES: (15 points) 1- A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5 percent, what is the firm's ROA? (8 points) 2- Crooked's Golf's 2014 income statement shows that net income was $90,000, depreciation was $25,000, and taxes were $60,000. What was Crooked Golf's net cash flow in 2014? Please show the steps to arrive at the answer (7 points)

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