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Question 13 For the year ended June 30, 2017, Cullumber Clothing Company has total assets of...

Question 13

For the year ended June 30, 2017, Cullumber Clothing Company has total assets of $92,000,000, ROA of 9.00 percent, ROE of 15.00 percent, and a net profit margin of 8.00 percent. What are the company's net income and net sales? Calculate the firm’s debt-to-equity ratio. (Round net income and net sales to the nearest whole dollar, e.g. 25 and round debt to equity ratio to 1 decimal place, e.g. 15.2%.)

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The company’s net income is $ , net sales are $ , and the firm’s debt-to-equity ratio is %.

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