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Problem 4-6: The Shankhill Corporation The following information was available for the Shankhill Corporation on April 30, 2009 Net Income Interest Expense Average Equity Average
Problem 4-6: The Shankhill Corporation The following information was available for the Shankhill Corporation on April 30, 2009 Net Income Interest Expense Average Equity Average Total Assets 4000 Sille% 620 100 2000 24000 Required 1. Compute the percentage Return on Assets (round to 2 decimal places) 2. Compute Asset Turnover (round to 2 decimal places). 3. Compute the percentage Profit Margin before Interest (round to 2 decimal places) 4. Compute the percentage Return on Equity (round to 2 decimal places). Upon completion, enter your answers below (2 decimal places): 96 Return Assets. Asset Turnover: % Profit Margin before interest % Return on Equity
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