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The Moraine Company has net income of $150,850. There are currently 25.85 days' sales in receivables. Total assets are $839,000, total receivables are $146,400, and
The Moraine Company has net income of $150,850. There are currently 25.85 days' sales in receivables. Total assets are $839,000, total receivables are $146,400, and the debt-equity ratio is .70. a. What is the company's profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin Total asset turnover ROE 7.30 % 63.69 times
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