Help me with solution.. thankyou. 8. Determine the ROA for a retailer with the following information:COGS71.8%Gross Margin$12 571 560Net Profit5.5%Current assetsTotal assets$ 1,240,000$17,800,000Net SalesCOGSGross marginExpensesProfitUse the space below to outline your calculations:

given, cogs = 71.8%gross margin = 12571560net profit = 5.5%current aset =1240,000total asset =…

8. Determine the ROA for a retailer with the following information: COGS 71.8% $12 571 560 Gross Margin Net Profit Current assets Total assets 5.5% $ 1,240,000 $17,800,000 Net Sales COGS Gross margin Expenses Profit Use the space below to outline your calculations:

8. Determine the ROA for a retailer with the following information: COGS 71.8% $12 571 560 Gross Margin Net Profit Current assets Total assets 5.5% $ 1,240,000 $17,800,000 Net Sales COGS Gross margin Expenses Profit Use the space below to outline your calculations:

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Help me with solution.. thankyou.

8. Determine the ROA for a retailer with the following information:
COGS
71.8%
Gross Margin
$12 571 560
Net Profit
5.5%
Current assets
Total assets
$ 1,240,000
$17,800,000
Net Sales
COGS
Gross margin
Expenses
Profit
Use the space below to outline your calculations:

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