The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70; ROA = 9.35%; ROE = 17.7%. What are Cullumber’s profit margin and debt ratios? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.) Profit margin enter Profit margin in percentages rounded to 2 decimal places % Debt ratio enter Debt ratio rounded to 2 decimal places

The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70; ROA = 9.35%; ROE = 17.7%. What are Cullumber’s profit margin and debt ratios? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.) Profit margin enter Profit margin in percentages rounded to 2 decimal places % Debt ratio enter Debt ratio rounded to 2 decimal places

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 57P: Grammatico Company has just completed its third year of operations. The income statement is as...

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Question

The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70; ROA = 9.35%; ROE = 17.7%. What are Cullumber’s profit margin and debt ratios? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.)

Profit margin		enter Profit margin in percentages rounded to 2 decimal places %
Debt ratio		enter Debt ratio rounded to 2 decimal places

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