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Problem 7-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation Sales/total assets Return on assets (ROA) Return
Problem 7-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation Sales/total assets Return on assets (ROA) Return on equity (ROE) 2.4 4% 7% Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. 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
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