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Use the following selected balance sheet and income statement data for Gold Star (in $...

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Finance

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Use the following selected balance sheet and income statement data for Gold Star (in $ millions) to compute the following ratios for fiscal 2020 a) profit margin (PM) (4 pts) b) asset turnover (AT) (5 pts) c) financial leverage (FL) (5 pts) d) Show that ROE = PMAT * FL. (2pts) (Smaller than 0.5% difference is acceptable due to rounding) 2020 2019 Total assets 107,888 80,191 Total liabilities 58,853 55,364 Net Sales 38,226 Net income 9,938 (Please show your work)

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