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Please provide step by step calculation for each number. Problem 3-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the
Please provide step by step calculation for each number.
Problem 3-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: 1.3 Sales/total assets Return on assets (ROA) Return on equity (ROE) 4% 8% 1. Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places. % 2. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. % 3. Suppose half of Haslam's liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %Step by Step Solution
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