Harrington Industries has a profit margin of 5.2% on sales of $18,400,000. The company's total assets are $12,200,000, and it has debt of $5,600,000. Calculate Harrington Industries' Return on Assets (ROA).

Harrington Industries has a profit margin of 5.2% on sales of $18,400,000. The company's total assets are $12,200,000, and it has debt of $5,600,000. Calculate Harrington Industries' Return on Assets (ROA).

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

Provide return on asset ?

Harrington Industries has a profit margin
of 5.2% on sales of $18,400,000. The
company's total assets are $12,200,000,
and it has debt of $5,600,000.
Calculate Harrington Industries' Return
on Assets (ROA).

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Harrington Industries has a profit margin of 5.2% on sales of $18,400,000. The company's total assets are $12,200,000, and it has debt of $5,600,000. Calculate Harrington Industries' Return on Assets (ROA).
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