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Last year, Chen's Electronics, Inc., had an ROA of 8.4 percent, a profit margin of 12.6 percent, and sales of $35 million. Calculate Chen's Electronics' total assets. (Enter your answer in millions.)

Last year, Chen's Electronics, Inc., had an ROA of 8.4 percent, a profit margin of 12.6 percent, and sales of $35 million. Calculate Chen's Electronics' total assets. (Enter your answer in millions.)

Intermediate Accounting: Reporting And Analysis
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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Last year, Chen's Electronics, Inc., had an ROA of 8.4 percent, a profit margin of 12.6 percent, and sales of $35 million. Calculate Chen's Electronics' total assets. (Enter your answer in millions.)
Transcribed Image Text:Last year, Chen's Electronics, Inc., had an ROA of 8.4 percent, a profit margin of 12.6 percent, and sales of $35 million. Calculate Chen's Electronics' total assets. (Enter your answer in millions.)
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