Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Goshen Industrial Sales has sales of $828,900, total equity of $539,200, a profit margin of 4.6 %, and a debt-equity ratio of 0.55. What is

Goshen Industrial Sales has sales of $828,900, total equity of $539,200, a profit margin of 4.6 %, and a debt-equity ratio of 0.55. What is the return on assets? A. 3.89%

B. 4.56%

C. 6.67%

D. 12.86%

E. 13.33%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago