Need help with this question solution general accounting A company has a profit margin of 12% on sales of $35,000,000. If thecompany has debt of $9,000,000, total assets of $28,000,000, and an after-taxinterest cost on total debt of 4.5%, what is the company's ROA?

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's efficiency…

Answered: A company has a profit margin of 12% on…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...

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A company has a profit margin of 12% on sales of $35,000,000. If the company has debt of $9,000,000, total assets of $28,000,000, and an after-tax interest cost on total debt of 4.5%, what is the company's ROA?