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Calculating Profitability Ratios Country Boy, Inc., has sales of

Calculating Profitability Ratios Country Boy, Inc., has sales of

Calculating Profitability Ratios Country Boy, Inc., has sales of $24 million, total assets of $18 mil lion, and total debt of $7 million. If the profit margin is 8 percent, what is net income? What is ROA? What is ROE?

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

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