Question
Berkeley Corporation showed a profit margin of 6.2% last year on sales of $45,000,000. If its total asset level was $37,000,000 and total debt was
Berkeley Corporation showed a profit margin of 6.2% last year on sales of $45,000,000. If its total asset level was $37,000,000 and total debt was $16,000,000 what was its ROA (return on assets)?
- A.43.243%
- B.7.541%
- C.13.286%
- D.17.438%
- E.14.338%
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
