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Problem 3-30 Using the DuPont Identity [LO 3] The Moraine Company has net income of $156,850. There are currently 28.25 days' sales in receivables. Total
Problem 3-30 Using the DuPont Identity [LO 3] The Moraine Company has net income of $156,850. There are currently 28.25 days' sales in receivables. Total assets are $845,000, total receivables are $147,000, and the debt-equity ratio is 40. a. What is the company's profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin b. Total asset turnover C. ROE times
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