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Please Show Work and round correctly to decimal places requested. The Buffalo Manufacturing Company has total assets of $5 million, an asset turnover of 2.3
Please Show Work and round correctly to decimal places requested.
The Buffalo Manufacturing Company has total assets of $5 million, an asset turnover of 2.3 times, and a net profit margin of 14.1% a. What is Buffalo's return on assets? b. Find Buffalo's ROE, given that 35.9% of the assets are financed with stockholders' equity a. Buffalo's return on assets (ROA) is | %. (Round to two decimal places.) b. Given hat 35.9% of he assets are financed with stockholders' equity, Buffalo's return on equity ROE is % Round to two decimal places. Enter your answer in each of the answer boxes
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