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Neon Light Company has $1000000 in assets and $600000 of debt It reports net income of $100000 a What is the return on the assets b What is the return on the stockholders equity c If

Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000.

a. What is the return on the assets?

b. What is the return on the stockholders’ equity?

c. If the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)?

Apr 24 2020 View more View Less

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