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QUESTION
Given the following relationships for the Hanson Corporation: Sales/Total Assets:
Given the following relationships for the Hanson Corporation:
Sales/Total Assets: 1.2
Return on assets (ROA) 4%
Return on equity (ROE) 7%
Calculate Hanson's profit margin and liabilities-to-assets ratio. Half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.
