Easter Egg and Poultry Company has $2,000,000 in assets and $1,400,000 of debt. It reports net income of $200,000.
a. What is the firm’s return on assets? (Enter your answer as a percent rounded to 2 decimal places.)
b. What is its return on stockholders’ equity? (Enter your answer as a percent rounded to 2 decimal places.)
c. If the firm has an asset turnover ratio of 2.5 times, what is the profit margin (return on sales)? (Enter your answer as a percent rounded to 2 decimal places.)