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Silver Birch Enterprises has: Annual Sales of $6,200 Total Debt of $1,500 Total Equity of $3,200 Profit Margin of 5.5%. What is the Return on Assets (ROA)?

Silver Birch Enterprises has: Annual Sales of $6,200 Total Debt of $1,500 Total Equity of $3,200 Profit Margin of 5.5%. What is the Return on Assets (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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Silver Birch Enterprises has: Annual Sales of $6,200 Total Debt of $1,500 Total Equity of $3,200 Profit Margin of 5.5%. What is the Return on Assets (ROA)?
Transcribed Image Text:Silver Birch Enterprises has: Annual Sales of $6,200 Total Debt of $1,500 Total Equity of $3,200 Profit Margin of 5.5%. What is the Return on Assets (ROA)?
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