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?
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
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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?
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