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BU has annual sales of $687,400, total debt of $210,000, total equity of $465,000, and a Profit margin of 4.20 percent. What is the return on assets?

BU has annual sales of $687,400, total debt of $210,000, total equity of $465,000, and a Profit margin of 4.20 percent. What is the return on assets?

Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 1P: Ogier Incorporated currently has $800 million in sales, which are projected to grow by 10% in Year 1...
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BU has annual sales of $687,400, total debt of $210,000, total equity of $465,000, and a Profit margin of 4.20 percent. What is the return on assets?
Transcribed Image Text:BU has annual sales of $687,400, total debt of $210,000, total equity of $465,000, and a Profit margin of 4.20 percent. What is the return on assets?
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