Provide correct answer general Accounting Tech Solutions Corp. has a net profit margin of 7.2% on sales of$85.3 million. The company's book value of equity is $45.8million and total book liabilities are $38.2 million. Calculate TechSolutions' ROE and ROA.

Step 1: Define ROE and ROAReturn on Equity (ROE) measures how effectively a company generates profit…

Answered: Tech Solutions Corp. has a net profit…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Tech Solutions Corp. has a net profit margin of 7.2% on sales of $85.3 million. The company's book value of equity is $45.8 million and total book liabilities are $38.2 million. Calculate Tech Solutions' ROE and ROA.