Answered: Falcon Tech Inc. has annual sales of…

Falcon Tech Inc. has annual sales of $895,600, total debt of $250,000, total equity of $530,000, and a profit margin of 5.10%. What is its 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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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What is its return on assets of this financial accounting question?

Falcon Tech Inc. has annual sales of $895,600, total debt of
$250,000, total equity of $530,000, and a profit margin of 5.10%.
What is its return on assets?

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