Bradshaw, Inc., has a profit margin of 4.8 percent on sales of $18,750,000. Assume the firm has a debt of $6,300,000 and total assets of $12,400,000. What is the firm's ROA?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...
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Bradshaw, Inc., has a profit
margin of 4.8 percent on sales
of $18,750,000. Assume the
firm has a debt of $6,300,000
and total assets of $12,400,000.
What is the firm's ROA?
Transcribed Image Text:Bradshaw, Inc., has a profit margin of 4.8 percent on sales of $18,750,000. Assume the firm has a debt of $6,300,000 and total assets of $12,400,000. What is the firm's ROA?
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