Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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You are given the following relationships for a company:
Sales/total assets
1.5x
Return of assets
3%
Return on equity
8%
What is the profit margin and the debt ratio?
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Transcribed Image Text:You are given the following relationships for a company: Sales/total assets 1.5x Return of assets 3% Return on equity 8% What is the profit margin and the debt ratio?
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