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Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets2Return on assets (ROA)2%Return on equity (ROE)8%Calculate Haslam's
Profit Margin and Debt Ratio
Assume you are given the following relationships for the Haslam Corporation:
- Sales/total assets2Return on assets (ROA)2%Return on equity (ROE)8%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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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
