Answer please A firm has a profit margin of 7.5% on sales of $18,900,000.The total assets of the firm are $13,600,000.What is the firm's Return on Assets (ROA)?

The Return on Assets (ROA) is calculated using the formula: ROA=Total AssetsNet Income×100…

Answered: A firm has a profit margin of 7.5% on…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

See similar textbooks

Similar questions

What is the firm's ROA?
A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has sales revenue of $10,000, what is the net income?
You have the following data for a company. What is the return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $150,000; Total asset turnover = 1.8; Profit margin = 10.5%; Tax rate = 30%.
What is the amount of the net income? Accounting
A firm has an ROA of 8%, sales of $80, and total assets of $75. What is its profit margin?
A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin is 5 percent. The total equity is $7,500. What is the amount of the net income? Answer this question
A firm has a return on equity of 21 percent. The total asset turnover is 2.9 and the profit margin is 8 percent. The total equity is $8,000. What is the amount of the net income?
XTY Company has total assets turnover ratio of 1.90 and a return on total assets of 7.20%. What is the firm’s net profit margin?
What is the net income?
What is the firm's net profit margin?
A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin is 5 percent. The total equity is $7,500. What is the amount of the net income? Please expert provide the answer
What is the profit margin?

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

A firm has a profit margin of 7.5% on sales of $18,900,000. The total assets of the firm are $13,600,000. What is the firm's Return on Assets (ROA)?