Answered: Neptune Technologies has a profit…

Neptune Technologies has a profit margin of 8 percent on sales of $30,000,000. Assume the firm has a debt of $10,000,000 and total assets of $20,000,000. 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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Question

Subject general accounting

Neptune Technologies has a profit
margin of 8 percent on sales of
$30,000,000. Assume the firm has
a debt of $10,000,000 and total
assets of $20,000,000. What is the
firm's ROA?

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