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Wakers, Inc., has sales of $37 million, total assets of $26 million, and total debt of $6 million. Required: (a) If the profit margin is
| Wakers, Inc., has sales of $37 million, total assets of $26 million, and total debt of $6 million. |
| Required: |
| (a) | If the profit margin is 8 percent, what is the net income? |
| (Click to select)$2,960,000$2,080,000$2,880,000$1,600,000$2,664,000 |
| (b) | What is the ROA? |
| (Click to select)11.38%14.80%49.33%10.25%23.08% |
=
| (c) | What is the ROE? |
| (Click to select)14.80%11.38%49.33%13.32%23.08% |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
