I need help with this financial accounting problem using accurate calculation methods. Crescent Technologies has total assets of $42.75 billion, totaldebt of $11.842 billion, and net sales of $25.610 billion. Theirnet profit margin is 18%, and their operating profit margin is28%.Solve for ROA (Return on Assets) and ROE (Return onEquity).

Concept of Net Profit Margin:Net profit margin measures the percentage of revenue that remains as…

Answered: Crescent Technologies has total assets…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

Problem 1EP

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Crescent Technologies has total assets of $42.75 billion, total debt of $11.842 billion, and net sales of $25.610 billion. Their net profit margin is 18%, and their operating profit margin is 28%. Solve for ROA (Return on Assets) and ROE (Return on Equity).