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Please tell me if these answers are correct and show all work. Profit Margin and Debt Ratio Assume you are given the following relationships for
Please tell me if these answers are correct and show all work.
Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 2.1 3% Return on assets (ROA) Return on equity (ROE) 5% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: 1.43 % Liabilities-to-assets ratio: 40 % Suppose half of its 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. 20 %Step by Step Solution
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