Bartlett's Pears has a profit margin of 8.20 percent on sales of $24,300,000. If the firm has a debt of $10,400,000 and total assets of $21,000,000, what is the firm's ROA?
Bartlett's Pears has a profit margin of 8.20 percent on sales of $24,300,000. If the firm has a debt of $10,400,000 and total assets of $21,000,000, what is the firm's ROA?
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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
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What is the firm's ROA
![Bartlett's Pears has a profit margin of 8.20 percent on sales of
$24,300,000. If the firm has a debt of $10,400,000 and total assets of
$21,000,000, what is the firm's ROA?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa66b4119-e7d2-4f37-8e91-73a51155598c%2F50cf0af1-8184-45d0-8476-463a88cd0c8f%2Fd13nnly_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bartlett's Pears has a profit margin of 8.20 percent on sales of
$24,300,000. If the firm has a debt of $10,400,000 and total assets of
$21,000,000, what is the firm's ROA?
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