Edison Citrus has a profit margin of 7.60 percent on sales of $19,800,000. If the firm has a debt of $8,600,000 and total assets of $18,500,000, what is the firm's ROA?
Edison Citrus has a profit margin of 7.60 percent on sales of $19,800,000. If the firm has a debt of $8,600,000 and total assets of $18,500,000, 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:Edison Citrus has a profit margin
of 7.60 percent on sales of
$19,800,000. If the firm has a
debt of $8,600,000 and total
assets of $18,500,000, what is
the firm's ROA?
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