Can you please solve this questions Borland, Inc., has a profit margin of 5.6percent on sales of $13.6 million. If the firmhas a debt of $6.4 million and total assets of$9.8 million, what is the firm's ROA?

Detailed explanation:Given:Profit is 5.6% of Sales of $ 13.6 millionTotal Assets. $ 9.8 million…

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

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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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?