Solve this Financial Accounting Problem Parker's has annual sales of $528,700, total debtof $105,300, total equity of $184,500, and aprofit margin of 7.82 percent. What is the returnon assets?A) 14.26 percentB) 10.23 percentC) 12.45 percentD) 15.92 percentE) 11.34 percent

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial metric that…

Answered: Parker's has annual sales of $528,700,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter13: Capital Structure Concepts

Section: Chapter Questions

Problem 6P

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Parker's has annual sales of $528,700, total debt of $105,300, total equity of $184,500, and a profit margin of 7.82 percent. What is the return on assets? A) 14.26 percent B) 10.23 percent C) 12.45 percent D) 15.92 percent E) 11.34 percent