Question: Problem 3-8 Profitability ratios (LO3-2] Easter Egg and Poultry Company has $1,810,000 in assets and $692,000 of debt. It reports net income of $161,000. a.

Problem 3-8 Profitability ratios (LO3-2] Easter Egg and Poultry Company has

Problem 3-8 Profitability ratios (LO3-2] Easter Egg and Poultry Company has $1,810,000 in assets and $692,000 of debt. It reports net income of $161,000. a. What is the firm's return on assets? (Enter your answer as a percent rounded to 2 decimal places.) Return on assets b. What is its return on stockholders' equity? (Enter your answer as a percent rounded to 2 decimal places.) Return on equity % c. If the firm has an asset turnover ratio of 1.8 times, what is the profit margin (return on sales)? (Enter your answer as a percent rounded to 2 decimal places.) Profit margin 1%

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