1. The Miami location of Chick-fil-A, Inc. had a 2021 income statement listed net sales = $12.5 million and net income available to common stockholders = $3.2 million. The 2021 year-end balance sheet listed total assets of $52.5 million and common stockholders' equity of $21 million with 2 million shares outstanding. Calculate the profit margin, ROA, and ROE?

Answer rating: 100% (QA)

To calculate the profit margin return on assets ROA and return on equity ROE Profit M... View the full answer