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Profitability Ratios in 2013,Colin's Guitars,Inc

Question 121

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Profitability Ratios In 2013,Colin's Guitars,Inc.announced an ROA of 10.01 percent,ROE of 17.35 percent,and profit margin of 5.89 percent.The firm had total assets of $2 million at year-end 2013.Calculate the 2013 values of net income available to common stockholders,common stockholders' equity,and net sales for Colin's Guitars,Inc.

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