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The Sports Shop has $580,000 in assets, short term liabilities of $22,000 and long term liabilities of $85,000. Net income for the year is $135,000.
The Sports Shop has $580,000 in assets, short term liabilities of $22,000 and long term liabilities of $85,000. Net income for the year is $135,000. Question 20 (2 points) What is the ROA for The Sports Shop? 23.3% 25.0% 21.8% 22.7% Question 21 (2 points) Return on shareholder's equity is? 28.5% 24.7% 25.0% 23.3% Question 22 (2 points) If the company has an asset turnover ratio of 2.2, what is the profit margin? 21.8% 23.3% None of the given solutions. 22.7%
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