Question: Problem 3-8 (Static) Profitability ratios [LO3-2] Easter Egg and Poultry Company has $1,840,000 in assets and $625,000 of debt. It reports net income of

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

Problem 3-8 (Static) Profitability ratios [LO3-2] Easter Egg and Poultry Company has $1,840,000 in assets and $625,000 of debt. It reports net income of $145,000. a. What is the firm's return on assets? Note: Enter your answer as a percent rounded to 2 decimal places. Return on assets 0.00 % 2 decimal places required. b. What is its return on stockholders' equity? Note: Enter your answer as a percent rounded to 2 decimal places. Return on equity _ % c. If the firm has an asset turnover ratio of 2.4 times, what is the profit margin (return on sales)? Note: Enter your answer as a percent rounded to 2 decimal places. Profit margin % < Prev 1 of 12 Score answer >

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