Question: Assume you are given the following relationships for the Haslam Corporation:
Sales/total assets 2.1
Return on assets (ROA) 3%
Return on equity (ROE) 9%
a. Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places.
b. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
c. Suppose half of Haslam's 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.