Answered: Nelson Industries has a profit margin…

Nelson Industries has a profit margin of 7.2 percent on sales of $18,500,000. Assume the firm has debt of $6,400,000 and total assets of $12,800,000. What is the firm's ROA?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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Waht is the firm' s ROA ? General accounting question

Nelson Industries has a profit margin of 7.2 percent on sales of
$18,500,000. Assume the firm has debt of $6,400,000 and total assets of
$12,800,000.
What is the firm's ROA?

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