Give true calculation Beckinsale Inc., has a profit margin of 6.9% onsales of $24,200,000. Assume the firm has debtof $9,500,000 and total assets of $16,100,000.What is the firm's ROA? (Do not roundintermediate calculations and give your answeras a percent rounded to 2 decimal places,e.g., 32.16.)

Step 1: Definition of Return on assetReturn on asset (ROA) is a company profitability ratio which…

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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Chapter9: Accounting For Receivables

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Problem 4TP: You are considering two possible companies for investment purposes. The following data is available...

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Beckinsale Inc., has a profit margin of 6.9% on sales of $24,200,000. Assume the firm has debt of $9,500,000 and total assets of $16,100,000. What is the firm's ROA? (Do not round intermediate calculations and give your answer as a percent rounded to 2 decimal places, e.g., 32.16.)