Brindle Farms has a profit margin of 6.75 percent on sales of $28,500,000. If the firm has debt of $12,200,000 and total assets of $25,400,000, what is the firm's ROA?
Brindle Farms has a profit margin of 6.75 percent on sales of $28,500,000. If the firm has debt of $12,200,000 and total assets of $25,400,000, what is the firm's ROA?
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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
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Transcribed Image Text:Brindle Farms has a profit margin of 6.75
percent on sales of $28,500,000. If the firm
has debt of $12,200,000 and total assets of
$25,400,000, what is the firm's ROA?
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