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Tube Company has $1,200,000 in assets and $500,000 of debt. It reports net income of $150,000. a. What is the return on the assets? b.

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Tube Company has $1,200,000 in assets and $500,000 of debt. It reports net income of $150,000. a. What is the return on the assets? b. What is the return on stockholders' equity? c. If the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)

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