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Q4: Profitability Ratios A firm has net income of $123,000 on sales of $2.4 million. Total assets are $2.46 million and total equity is $1.5

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Q4: Profitability Ratios A firm has net income of $123,000 on sales of $2.4 million. Total assets are $2.46 million and total equity is $1.5 million. What is the profit margin? What is the return on equity? What is the return on assets

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