Question: Problem 3-1: ROA; ROE; Profit Margin: 9 points (3 at 3 points each) Griffey Junior Wear has $1.450,000 in assets and $658,000 of total debt.

 Problem 3-1: ROA; ROE; Profit Margin: 9 points (3 at 3

Problem 3-1: ROA; ROE; Profit Margin: 9 points (3 at 3 points each) Griffey Junior Wear has $1.450,000 in assets and $658,000 of total debt. It reports net income of $166.000 a. What is its ROA? (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 tumover ratio of 2.50 times what is the profit margin? (Round the final answer to 2 decimal places.) Profit margin

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