Question: Accounting TJ's has annual sales of $813,200, total debt of $171,000, total equity of $396,000, and a profit margin of 5.78 percent. What is the return on assets?
Question: Accounting TJ's has annual sales of $813,200, total debt of $171,000, total equity of $396,000, and a profit margin of 5.78 percent. What is the return on assets?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 1.6 financial accounting
Transcribed Image Text:Question: Accounting
TJ's has annual sales of $813,200, total debt of
$171,000, total equity of $396,000, and a profit margin
of 5.78 percent. What is the return on assets?
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