Last year, Jefferson Technologies had an ROA of 6.4%, a profit margin of 8.2%, and sales of $45 million. Calculate Jefferson Technologies' total assets. (Enter your answer in millions.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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Last year, Jefferson Technologies had an ROA of 6.4%, a profit margin of
8.2%, and sales of $45 million. Calculate Jefferson Technologies' total assets.
(Enter your answer in millions.)
Transcribed Image Text:Last year, Jefferson Technologies had an ROA of 6.4%, a profit margin of 8.2%, and sales of $45 million. Calculate Jefferson Technologies' total assets. (Enter your answer in millions.)
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