Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the company's sales revenue forecast for next year is 1.8 million euros. The net profit margin is estimated at 6%. The company's total assets are

the company's sales revenue forecast for next year is 1.8 million euros. The net profit margin is estimated at 6%. The company's total assets are forecasted to be 4.0 million euros. Finally, Debt to equity ratio (D/E) is equal to 1.25. Find the company's approximate ROA?

(Please indicate the answer rounded to nearest whole number without percentage mark. For example for ROA=12.461% or ROA= 0.12461 answer should be entered as 12)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Personal Finance Building Your Future

Authors: Robert Walker, Kristy Walker

2nd Edition

0077861728, 9780077861728

More Books

Students also viewed these Finance questions

Question

Determine Leading or Lagging Power Factor in Python.

Answered: 1 week ago