Borland, Inc., has a profit margin of 5.6 percent on sales of $13.6 million. If the firm has a debt of $6.4 million and total assets of $9.8 million, what is the firm's ROA?
Borland, Inc., has a profit margin of 5.6 percent on sales of $13.6 million. If the firm has a debt of $6.4 million and total assets of $9.8 million, 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 6P
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Financial accounting

Transcribed Image Text:Borland, Inc., has a profit margin of 5.6
percent on sales of $13.6 million. If the firm
has a debt of $6.4 million and total assets of
$9.8 million, what is the firm's ROA?
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