Evergreen Manufacturing has sales of $725,800, total equity of $340,000, a net profit margin of 6.5 percent, and a debt-equity ratio of 0.75. What is the return on assets?

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 6P
icon
Related questions
Question

Hi expert please given correct answer with accounting question

Evergreen Manufacturing has sales of $725,800, total equity of
$340,000, a net profit margin of 6.5 percent, and a debt-equity ratio of
0.75. What is the return on assets?
Transcribed Image Text:Evergreen Manufacturing has sales of $725,800, total equity of $340,000, a net profit margin of 6.5 percent, and a debt-equity ratio of 0.75. What is the return on assets?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT