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Barnes Appliances has sales of $10000000 net income of $450000 total assets of $4000000 and stockholders equity of $2000000 a What is the profit margin b What is the return on assets

Barnes Appliances has sales of $10,000,000, net income of $450,000, total assets of $4,000,000, and stockholders’ equity of $2,000,000.

a. What is the profit margin?

b. What is the return on assets?

c. What is the return on equity?

d. The debt-to-assets ratio is currently 50 percent. If it were 60 percent, what would the return on equity be? To answer this question, use Formula 3 b in the text.

Apr 24 2020 View more View Less

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