Question
High Mountain Foods has sales of $429,700, net income of $30,335, total assets of $385,951, and total equity of $233,500. What is the return on
High Mountain Foods has sales of $429,700, net income of $30,335, total assets of $385,951, and total equity of $233,500. What is the return on assets?
(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)
Ajax Supply has an equity multiplier of 1.6, total asset turnover of 1.3, and a profit margin of 4.6 percent.
What is the return on equity?
(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)
DL Farms has annual sales of $812,125, total debt of $171,602, total equity of $396,000, and a profit margin of 5.6 percent.
What is the return on assets?
(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)
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