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?
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?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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A sales company has sales of $ 828,900 solution this accounting questions
Transcribed Image Text: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?
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