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Sundale Enterprises reports a profit margin of 8.2% on total sales of $18,750,000. The company has total assets of $14,500,000 and total debt of $5,200,000. What is Sundale's Return on Assets (ROA)?

Sundale Enterprises reports a profit margin of 8.2% on total sales of $18,750,000. The company has total assets of $14,500,000 and total debt of $5,200,000. What is Sundale's Return on Assets (ROA)?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Sundale Enterprises reports a profit margin of 8.2% on total sales of $18,750,000. The company has total assets of $14,500,000 and total debt of $5,200,000. What is Sundale's Return on Assets (ROA)?
Transcribed Image Text:Sundale Enterprises reports a profit margin of 8.2% on total sales of $18,750,000. The company has total assets of $14,500,000 and total debt of $5,200,000. What is Sundale's Return on Assets (ROA)?
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