Answered: Beckinsale, Inc., has a profit margin…

Beckinsale, Inc., has a profit margin of 5.2 percent on sales of $21,500,000. Assume the firm has a debt of $7,500,000 and total assets of $14,550,000. 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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Question

Beckinsale, Inc., has a profit
margin of 5.2 percent on sales of
$21,500,000. Assume the firm has a
debt of $7,500,000 and total assets
of $14,550,000.
What is the firm's ROA?

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