Question: answer all questions correctly for a like. Question 7 (1 point) During the latest year, XYZ Corporation has total sales of $400,000, net income of

answer all questions correctly for a like.

Question 7 (1 point) During the latest year, XYZ Corporation has total sales of $400,000, net income of 20,000, and its year-end total assets were $200,000. The firm's total debt to total assets ratio was 40%. What is firm's return on assets (ROA)? (Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 %) instead of 0.0843. Your Answer: Answer units Question 9 (1 point) Saved Pro forma financial statements may include projections of a firm's future financial statements. True False

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