Consider the following information for Mary, Inc. = Sales $43 million Total Assets = $27 million Total Debt $7 million = Required: (a) If the profit margin is 6 percent, what is the net income? (Click to select) ✓ (b)What is the ROA? (Click to select) ✓ (c) What is the ROE? (Click to select)

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
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Consider the following information for Mary, Inc.
=
Sales $43 million
Total Assets = $27 million
Total Debt $7 million
=
Required:
(a) If the profit margin is 6 percent, what is the net income?
(Click to select) ✓
(b)What is the ROA?
(Click to select)
✓
(c) What is the ROE?
(Click to select)
Transcribed Image Text:Consider the following information for Mary, Inc. = Sales $43 million Total Assets = $27 million Total Debt $7 million = Required: (a) If the profit margin is 6 percent, what is the net income? (Click to select) ✓ (b)What is the ROA? (Click to select) ✓ (c) What is the ROE? (Click to select)
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