Homework Help is Here – Start Your Trial Now!
Business
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)?

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
See similar textbooks
icon
Related questions
Question

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)?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS