PLEASE DO NOT COPY AND PASTE FROM ANOTHER CHEGG ANSWER. THE NUMBERS ARE DIFFERENT AND THE ANSWER WILL BE WRONG- I WILL DOWNVOTE AND REPORT. THE OTHER POSTS DO NOT EXPLAIN WELL EITHER. :)

7. Problem 3-08 (Profit Margin and Debt Ratio) Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Calculate Haslam's profit margin and liabilities-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 round intermediate calculations. Round your answer to two decin places. %