7. Problem 3-08 (Profit Margin and Debt Ratio) eBook Problem Walk-Through Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.4 Return on assets (ROA) 4% Return on equity (ROE) 6% Calculate Haslar's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Labilities-to-assets ratio: 96 Suppose half of its 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