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Coconut, Inc. has sales of $610,400, total equity of $170,000, a profit margin of 10 percent...

  1. Coconut, Inc. has sales of $610,400, total equity of $170,000, a profit margin of 10 percent and a debt-equity ratio of 0.8. What is the return on assets?

    23.70 percent

    21.34 percent

    19.95 percent

    25.50 percent

4 points   

QUESTION 22

  1. Blueberry, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $42 a share. The firm has a profit margin of 7 percent and a total asset turnover of 1.36. What is the price-earnings ratio?

    26.50

    41.18

    18.20

    33.06

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