Neon light company has $1,000,000 in assets and $600,000 of debt. it reports net income of $100,000. (a) what is the return on the assets? (omit the "%" sign in your response.) (b) what is the return on the stockholders’ equity? (omit the "%" sign in your response.) (c) if the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)? (round your answer to 2 decimal places. omit the "%" sign in your response.)
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Neon light company has $1,000,000 in assets and $600,000 of debt. it reports net income of $100,000....
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