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BrightPath Ltd. has sales of $22 million, total assets of $15 million, and total debt of $5.5 million. If the profit margin is 9%: a) What is the net income? b) What is the ROA (Return on Assets)? c) What is the ROE (Return on Equity)?

BrightPath Ltd. has sales of $22 million, total assets of $15 million, and total debt of $5.5 million. If the profit margin is 9%: a) What is the net income? b) What is the ROA (Return on Assets)? c) What is the ROE (Return on Equity)?

Intermediate Financial Management (MindTap Course List)
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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BrightPath Ltd. has sales of $22 million, total assets of $15 million, and total debt of $5.5 million. If the profit margin is 9%: a) What is the net income? b) What is the ROA (Return on Assets)? c) What is the ROE (Return on Equity)?
Transcribed Image Text:BrightPath Ltd. has sales of $22 million, total assets of $15 million, and total debt of $5.5 million. If the profit margin is 9%: a) What is the net income? b) What is the ROA (Return on Assets)? c) What is the ROE (Return on Equity)?
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