Hello tutor please help me this question Last year, Thompson's Toy Company had an ROA of 8.5 percent,a profit margin of 12.5 percent, and sales of $15 million.Calculate Thompson's Toy Company's total assets. (Enter youranswer in millions.)

To calculate Thompson's Toy Company's total assets, we use the Return on Assets (ROA) formula:ROA =…

Answered: Last year, Thompson's Toy Company had…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Last year, Thompson's Toy Company had an ROA of 8.5 percent, a profit margin of 12.5 percent, and sales of $15 million. Calculate Thompson's Toy Company's total assets. (Enter your answer in millions.)