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Smitty's Finger-Licking BBQ has a total assets turnover equal to 2.0, a return on equity equal to 15 percent, and a debt ratio equal to
Smitty's Finger-Licking BBQ has a total assets turnover equal to 2.0, a return on equity equal to 15 percent, and a debt ratio equal to 60 percent. If Smitty's financed with debt and common stock, what are its (a) return on assets and (b) net profit margin?
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