Question
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% |
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
