Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets Liabilities and Equity 9,000 Accounts payable 18,000 2,000 Notes payable 6,000 3,000 Current liabilities 24,000 24,000 Long-term debt 95,000 38,000 Total liabilities 119,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 13,000 114,000 Equity 33,000 152,000 Total liab. & equity 152,000 Line item Value Sales 74,000 - Operating expenses 60,680 Depreciation 2,000 EBIT 11,320 Interest 800 Taxable income 10,520 - Taxes 3,472 Net Income 7.048 E- Attempt 1/20 for 10 pts Part 1 What is the profit margin (aka net profit margin)? Part 1 IB Attempt 1/20 for 10 pts What is the profit margin (aka net profit margin)? 3+ decimals Submit Part 2 Attempt 1/20 for 10 pts. What is the return on equity (aka return on common equity)