Question
Stallone's Italian Restaurant announced an ROA of 9.80% and profit margin ratio of 19.50% in 2012. This company had a total of $20 million total
Stallone's Italian Restaurant announced an ROA of 9.80% and profit margin ratio of 19.50% in 2012. This company had a total of $20 million total assets at the end of 2012. Based on the information given, calculate the total revenue generated in 2012 for Stallone's Italian Restaurant.
Group of answer choices
$11,101,619
$9,791,455
$11,000,183
$10,051,282
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
