A corporation has a total asset turnover of 2 times, ROA of 12% and ROE of 14%. What is this firm's profit margin and debt ratio?
A) Profit margin: 2%; Debt ratio: 19.45%
B) Profit margin: 3%; Debt ratio: 31.81%
C) Profit margin: 4%; Debt ratio: 12.94%
D) Profit margin: 6%; Debt ratio: 14.53%

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The Answer of A corporation has a total asset turnover of 2 times, ROA of 12% and ROE of 14%. What is this firm's profit margin and debt ratio?
A) Profit margin: 2%; Debt ratio: 19.45%
B) Profit margin: 3%; Debt ratio: 31.81%
C) Profit margin: 4%; Debt ratio: 12.94%
D) Profit margin: 6%; Debt ratio: 14.53%

A Corporation Has a Total Asset Turnover of 2 Times