Question: 7. Problem 3-08 (Profit Margin and Debt Ratio) etlook 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) etlook Problem Walk-Through Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1. Return on assets (ROA) 49 Return on equity (ROE) 79 Calculate Haslam's profit maroin and abilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places Profit margin: Liabilities-to-assets ratio: Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not found intermediate calculation. Round your answer to two decimal places
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