A sales company has sales of $ 828,900 solution this accounting questions A sales company has sales of $828,900, totalequity of $539,200 a profit margin of 4.6% anda debt-equity ratio of 0.55%. What is thereturn on assets?

Step 1: Define Return on AssetsReturn on asset is the amount of net income a firm generates per…

Answered: A sales company has sales of $828,900,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume you are given the following relationships for the Haslam Corporation:Sales/total assets 1.2Return on assets (ROA) 4%Return on equity (ROE) 7%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.
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A sales company has sales of $828,900, total equity of $539,200 a profit margin of 4.6% and a debt-equity ratio of 0.55%. What is the return on assets?