Borland, Inc., has a profit margin of 6.5 percent on sales of $22,600,000. Assume the firm has debt of$8,700,000 and total assets of $15,300,000.What is the firm's ROA? (Do not round intermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)

Formula: Return on Assets = Net income / Total Assets

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

Borland, Inc., has a profit margin of 6.5 percent on sales of $2,600,000. Assume the firm has debt of S8,700,000 and total assets of $15,300,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Borland, Inc., has a profit margin of 6.5 percent on sales of $22,600,000. Assume the firm has debt of
$8,700,000 and total assets of $15,300,000.
What is the firm's ROA? (Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)

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