Last year, Hawthorne Ltd. had a Return on Assets (ROA) of 8%, a profit margin of 20%, and sales totalling $25 million. Calculate Hawthorne Ltd.'s total assets.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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Please provide the solution to this financial accounting question using proper accounting principles.

Last year, Hawthorne Ltd. had a Return on Assets (ROA) of 8%,
a profit margin of 20%, and sales totalling $25 million. Calculate
Hawthorne Ltd.'s total assets.
Transcribed Image Text:Last year, Hawthorne Ltd. had a Return on Assets (ROA) of 8%, a profit margin of 20%, and sales totalling $25 million. Calculate Hawthorne Ltd.'s total assets.
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