Question: Problem 3-8 (Algo) Profitability ratios [LO3-2] Easter Egg and Poultry Company has $1,370,000 in assets and $610,000 of debt. It reports net income of $191,000.

Problem 3-8 (Algo) Profitability ratios [LO3-2] Easter Egg and Poultry Company has $1,370,000 in assets and $610,000 of debt. It reports net income of $191,000. a. What is the firm's return on assets? Note: Enter your answer as a percent rounded to 2 decimal places. Return on assets 55 00 % b. What is its return on stockholders' equity? Note: Enter your answer as a percent rounded to 2 decimal places. Return on equity 55.00 %

Easter Egg and Poultry Company has $1,370,000 in assets and $610,000 of debt it reports net income of $191,000. a. What is the firm's return on assets? Note: Enter your answer as a percent rounded to 2 decimal places. b. What is its return on stockholders' equity? Note: Enter your answer as a percent rounded to 2 decimal places. c. If the firm has an asset turnover ratio of 1.5 times, what is the profit margin (return on sales) Note: Enter your answer as a percent rounded to 2 decimal places

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