What is its profit margin? Corry Inc. has a ROA of 5%, sales of$150, and total assets of $200. Whatis its profit margin?a. 3.00%b. 4.50%c. 5.50%d. 6.25%e. 7.00%

ROA (Return on Assets) = Net Income / Total Assets5% = Net Income / $200Net Income = 0.05 * $200 =…

Answered: Corry Inc. has a ROA of 5%, sales of…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Corry Inc. has a ROA of 5%, sales of $150, and total assets of $200. What is its profit margin? a. 3.00% b. 4.50% c. 5.50% d. 6.25% e. 7.00%