Question: 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
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: Salds/total assets Return on assets (ROA) Return on equity (ROE) 1.8 49 6% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round Intermediate calculations. Round your answers to two decimal places Profit margin: 96 Liabilities-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. 96
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