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Sujay Enterprises has annual sales of $945,300, total liabilities of $215,400, total equity of $489,600, and a profit margin of 6.10%. What is the return on assets (ROA)?

Sujay Enterprises has annual sales of $945,300, total liabilities of $215,400, total equity of $489,600, and a profit margin of 6.10%. 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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Subject: general accounting

Sujay Enterprises has annual sales of $945,300, total liabilities of $215,400, total equity of $489,600, and a profit margin of 6.10%. What is the return on assets (ROA)?
Transcribed Image Text:Sujay Enterprises has annual sales of $945,300, total liabilities of $215,400, total equity of $489,600, and a profit margin of 6.10%. What is the return on assets (ROA)?
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