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Brighton Industries has annual sales of $920,500, total debt of $185,000, total equity of $460,000, and a profit margin of 6.25 percent. What is Brighton Industries' return on assets (ROA)?

Brighton Industries has annual sales of $920,500, total debt of $185,000, total equity of $460,000, and a profit margin of 6.25 percent. What is Brighton Industries' return on assets (ROA)?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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What is the return on assets of this accounting question?

Brighton Industries has annual sales of $920,500, total debt of $185,000, total equity of $460,000, and a profit margin of 6.25 percent. What is Brighton Industries' return on assets (ROA)?
Transcribed Image Text:Brighton Industries has annual sales of $920,500, total debt of $185,000, total equity of $460,000, and a profit margin of 6.25 percent. What is Brighton Industries' return on assets (ROA)?
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