Question: Please solve and find profit margin using the data provided. Selected Statistics Caneton Manufacturing 2017 2018 2019 Current ratio 2.7 2.8 Quick ratio 1.4 1.6

Please solve and find profit margin using the data provided.

Selected Statistics Caneton Manufacturing 2017 2018 2019 Current ratio 2.7 2.8 Quick ratio 1.4 1.6 Inventory turnover 5.7 5.8 Total asset turnover 1.9 2.0 1.9 Return on sales 6.00% 6.50% 7.00% Return on assets 11.40% 13.00% 13.30% Return on equity 19.04% 27.66% 30.2% Total debt-to-assets 0.40 0.53 0.56 Price-earnings ratio 13.7 14.0 15.0 Average stock price $21.78 $24.92 $31.50 Source: Dons industry ratios (data have been adjusted for this case)

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