Question: need help on 7 and 8 Question 7 (1 point) The Zone, Inc. has an ROE of 0.07. no debt, and a Total Asset Turnover
Question 7 (1 point) The Zone, Inc. has an ROE of 0.07. no debt, and a Total Asset Turnover of 2.6x. What is the Zone's Net Profit Margin? (Answer should be entered to four decimal places; i.e. 0.1350.) Your Answer: Answer Question 8 (1 point) Saved Now that you know how to calculate the ratios. you have have been teaching your assistant about them. He has calculated the following ratios for Joe's Pool Room, Inc., but cannot answer the question. What is Joe's Pool Room, Inc's. Debt to Equity Ratio? This is a level 3 question. Total Asset Turnover (TATO): 1.3% Return on Assets (ROA) 0.03 Return of Equity (ROE): 0.07 Current Ratio 2.0 (Answer should be entered to four decimal places: i.e. 0.1350.)
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