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Blue Finch Company has annual sales of $6,400, total debt of $1,800, total equity of $3,200, and a profit margin of 8.5 percent. What is the return on assets?

Blue Finch Company has annual sales of $6,400, total debt of $1,800, total equity of $3,200, and a profit margin of 8.5 percent. What is the return on assets?

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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Blue Finch Company has annual sales of $6,400, total debt of $1,800, total equity of $3,200, and a profit margin of 8.5 percent. What is the return on assets?
Transcribed Image Text:Blue Finch Company has annual sales of $6,400, total debt of $1,800, total equity of $3,200, and a profit margin of 8.5 percent. What is the return on assets?
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