Return on assets Beckinsale, Inc., has a profit margin of 7.2% on sales of $25,400,000. firm has debt of Assume the firm has $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. firm has debt of Assume the firm has $10,100,000 and total assets of $16,700,000. Required: What is the firm's ROA?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Return on assets
Beckinsale, Inc., has a profit margin
of 7.2% on sales of $25,400,000.
firm has debt of
Assume the firm has
$10,100,000 and total assets of
$16,700,000.
Required: What is the firm's ROA?
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