A firm has $180,000 in average receivables, which represents 50 days sales, average assets of $900,000, and a profit margin of 8%. Calculate the Return on Assets (ROA).
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- A firm has $180,000 in average receivables, which represents 50 days sales, average assets of $900,000, and a profit margin of 8%. Calculate the Return on Assets (ROA).What is the return on assets?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%.
- The Blue Jay Corporation has annual sales of $5,200, total debt of $1,500, total equity of $2,800, and a profit margin of 8 percent. What is the return on assets? Provide Right AnswerThe Blue Jay Corporation has annual sales of $5,200, total debt of $1,500, total equity of $2,800, and a profit margin of 8 percent. What is the return on assets? Accurate AnswerThe Blue Jay Corporation has annual sales of $5,200, total debt of $1,500, total equity of $2,800, and a profit margin of 8 percent. What is the return on assets?