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Anderson Enterprises has a profit margin of 5.8% on total sales of $30,200,000. The company's total assets amount to $18,500,000, and its total debt is $9,200,000. What is the firm's Return on Assets (ROA)?

Anderson Enterprises has a profit margin of 5.8% on total sales of $30,200,000. The company's total assets amount to $18,500,000, and its total debt is $9,200,000. What is the firm's Return on Assets (ROA)?

Intermediate Financial Management (MindTap Course List)
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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Anderson Enterprises has a profit margin of 5.8% on total sales of $30,200,000. The company's total assets amount to $18,500,000, and its total debt is $9,200,000. What is the firm's Return on Assets (ROA)?
Transcribed Image Text:Anderson Enterprises has a profit margin of 5.8% on total sales of $30,200,000. The company's total assets amount to $18,500,000, and its total debt is $9,200,000. What is the firm's Return on Assets (ROA)?
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