Oakridge Corp. has a profit margin of 7.8% on sales of $45,600,000. The company has debt of $18,200,000 and total assets of $29,400,000. What is the firm's ROA?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Oakridge Corp. has a profit margin of 7.8% on sales of
$45,600,000. The company has debt of $18,200,000 and total
assets of $29,400,000.
What is the firm's ROA?
Transcribed Image Text:Oakridge Corp. has a profit margin of 7.8% on sales of $45,600,000. The company has debt of $18,200,000 and total assets of $29,400,000. What is the firm's ROA?
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