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Silver Moon Café has annual sales of $7,500, total debt of $1,800, total equity of $3,200, and a profit margin of 8%. What is the return on assets? A) 9.6% B) 12.0% C) 10.8% D) 15.0%

Silver Moon Café has annual sales of $7,500, total debt of $1,800, total equity of $3,200, and a profit margin of 8%. What is the return on assets? A) 9.6% B) 12.0% C) 10.8% D) 15.0%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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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Silver Moon Café has annual sales of $7,500, total debt of $1,800, total equity of $3,200, and a profit margin of 8%. What is the return on assets? A) 9.6% B) 12.0% C) 10.8% D) 15.0%
Transcribed Image Text:Silver Moon Café has annual sales of $7,500, total debt of $1,800, total equity of $3,200, and a profit margin of 8%. What is the return on assets? A) 9.6% B) 12.0% C) 10.8% D) 15.0%
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