Question
Hahns Pianos has a profit margin of 6.95 percent on sales of $24,400,000. Assume the firm has debt of $9,600,000 and total assets of $16,200,000.
Hahns Pianos has a profit margin of 6.95 percent on sales of $24,400,000. Assume the firm has debt of $9,600,000 and total assets of $16,200,000.
| Required: |
| What is the firms ROA? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) |
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
