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

Beckinsale, Inc. has a profit margin of 5.8%, on sales of $14,500,000. If the firm has debt of $7,300,000, and total assets of $11,200,000, 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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Get correct answer general accounting

Beckinsale, Inc. has a profit margin of 5.8%,
on sales of $14,500,000. If the firm has debt
of $7,300,000, and total assets of
$11,200,000, what is the firm's ROA?

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