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BurnU Appliances

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1. BurnU Appliances has sales of $10,000,0, net income of $450,000, total assets of $4,000,000, and stockholders equity of $2,000,000. P71
a. What is the profit margin?
b. What is the return on assets?
c. What is the return on equity?

Please show work

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https://brainmass.com/economics/income-distribution/burnu-appliances-sales-net-income-210243

Solution Preview

1. BurnU Appliances has sales of $10,000,000, net income of $450,000, total assets of $4,000,000, and stockholders ...

Solution Summary

This solution is comprised of a detailed explanation to compute the profit margin, return on assets, and return on equity.

$2.19