Assignment Task: Easter Egg and Poultry Company has $1,640,000 in assets and $695,000 of debt. It reports net income of $161,000.
Q1. What is the firm's return on assets?
Q2. What is its return on stockholders' equity?
Q3. If the firm has an asset turnover ratio of 5 times, what is the profit margin (return on sales)?
Q4. Enter your answer as a percent rounded to 2 decimal places.