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Problem 9-13 Two firms have sales of $1.3 million each. Other financial information is as follows: Firm A B EBIT $ 240,000 $ 240,000 Interest

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Problem 9-13 Two firms have sales of $1.3 million each. Other financial information is as follows: Firm A B EBIT $ 240,000 $ 240,000 Interest expense 10,000 60,000 Income tax 60,000 10,000 Debt 2,550,000 490,000 Equity 1,700,000 1,210,000 What are the operating profit margins and the net profit margins for these two firms? Round your answers to two decimal places. Operating profit margins: Firm A: % Firm B: % Net profit margins: Firm A: % Firm B: % What are their returns on assets and on equity? Round your answers to two decimal places. Return on assets: Firm A: % Firm B: % Return on equity: Firm A: % Firm B: %

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