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The Purple Martin has annual sales of $4,500, total debt of $1,400, total equity of $2,400, and a profit margin of 6 percent. What is

The Purple Martin has annual sales of $4,500, total debt of $1,400, total equity of $2,400, and a profit margin of 6 percent. What is the return on assets? Start by calculating Net Income and Total Assets.

Multiple Choice

  • 11.25%

  • 6.00%

  • 8.26%

  • 7.11%

  • 19.29

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