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Return on assets Beckinsale, Inc., has a profit margin of 7.2% on sales of $25,400,000. Assume the firm has debt of $10,100,000 and total assets of $16,700,000. Required: What is the firm's ROA?

Return on assets Beckinsale, Inc., has a profit margin of 7.2% on sales of $25,400,000. Assume the firm has debt of $10,100,000 and total assets of $16,700,000. Required: What is the firm's ROA?

Intermediate Financial Management (MindTap Course List)
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 6P
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ROA?

Return on assets Beckinsale, Inc., has a profit margin of 7.2% on sales of $25,400,000. Assume the firm has debt of $10,100,000 and total assets of $16,700,000. Required: What is the firm's ROA?
Transcribed Image Text:Return on assets Beckinsale, Inc., has a profit margin of 7.2% on sales of $25,400,000. Assume the firm has debt of $10,100,000 and total assets of $16,700,000. Required: What is the firm's ROA?
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