What is the return on assets ? Stalin Components has sales of $712.800. total equity of$320,000, a net profit margin of 8.6 percent, and a debt-equity ratio of 0.65. What is the return on assets?

To calculate the Return on Assets (ROA), we can use the following steps:Step 1: Calculate Net…

Answered: Stalin Components has sales of…

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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Stalin Components has sales of $712.800. total equity of $320,000, a net profit margin of 8.6 percent, and a debt- equity ratio of 0.65. What is the return on assets?