What is the firm's Return on Assets (ROA)? 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)?

Solution ExplanationWe are given:Profit Margin = 7.5%Sales = $18,900,000Total Assets = $13,600,000We…

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

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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)?