eBook Problem Walk-Through Problem 3-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: 2.4 Sales/total assets Return on assets (ROA) Return on equity (ROE) 3% 9% 1. Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places. % 2. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. 3. Suppose half of Haslam's 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. eBook Problem 3-9 Current and Quick Ratios The Nelson Company has $1,470,000 in current assets and $525,000 in current liabilities. Its initial inventory level is $420,000, and it will raise funds as additional notes payable and use them to increase inventory. 1. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.4? Round your answer to the nearest cent. 2. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places