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Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 2
Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 2.4 Return on assets (ROA) 3% Return on equity (ROE) 5% Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places. 1.25 % Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. 4.00 % Suppose half of Haslam's liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %
Expert Solution
The answers to the given question are provided in the order below
1.
=3%/2.4=1.25%
2.
=1-3%/5%=40%
3.
=(1-3%/5%)*1/2=20%
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