Wakers, Inc. has sales of $29 million, total assets of $17.5 million, and total debt of $6.3

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Wakers, Inc. has sales of $29 million, total assets of $17.5 million, and total debt of $6.3 million. If the profit margin is 8 percent, what is net income? What is ROA? What is ROE?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Sep 11, 2016 11:47 AM

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Wakers, Inc. has sales of $29 million, total assets of $17.5 million, and total debt of $6.3

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The profit margin is net incomesales Since it equals 8 net income must be 2320000 multiply 8 ti...View the full answer

Essentials Of Corporate Finance

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