Question
7. Gwen's Pastry Shop has annual sales of $238,000, a profit margin of 6 %, and a return on assets of 7.7 %. The firm
7. Gwen's Pastry Shop has annual sales of $238,000, a profit margin of 6 %, and a return on assets of 7.7 %. The firm has _____ in total assets.
A. $176,067
B. $185,455
C. $220,984
D. $224,528
E. $256,326
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
