Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the Return on Assets using the following information: 1. Profit Margin (PM) = 10.5%: 2. Net Sales = $ 20.75 m : 3. Total

Calculate the Return on Assets using the following information:

1. Profit Margin (PM) = 10.5%: 2. Net Sales = $ 20.75 m : 3. Total Assets (TA) = $ 48.2 m

According to your calculation ROA is =

a.

12.37%

b.

6.49%

c.

7.92%

d.

15.48%

e.

7.12%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

10th edition

1260481956, 1260310175, 978-1260481952

More Books

Students also viewed these Finance questions

Question

Discuss the effectiveness of a national infrastructure for HRD

Answered: 1 week ago