Save Submit Assignment for Grading Problem 3-08 (Profit Margin and Debt Ratio) Question 3 of 7 Check My Work 1.1 eBook Problem Walk-Through Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets Return on assets (ROA) 3% Return on equity (ROE) 5% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: 2.72 % Liabilities-to-assets ratio: 2.73 % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. 0.22 % = Hide Feedback Partially Correet