Griffey Junior Wear has $1,730,000 in assets and $617,000 of total debt. It reports net income of

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Griffey Junior Wear has $1,730,000 in assets and $617,000 of total debt. It reports net income of $116,000.

a. What is its ROA (return on assets)? (Do not round intermediate calculations. Round the final answer to 1 decimal place.) Return on assets %

b. What is the return on shareholders' equity? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Return on equity %

c. If the firm has an asset turnover ratio of 2.00 times, what is the profit margin? (Round the final answer to 2 decimal places.) Profit margin %

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Jul 04, 2022 07:06 AM

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Griffey Junior Wear has $1,730,000 in assets and $617,000 of total debt. It reports net income of

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Foundations of Financial Management

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