The Blue Bird Restaurant has annual sales of $8,500, total debt of $2,400, total equity of $4,100, and a profit margin of 8%. What is the return on assets?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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The blue bird restaurant has annual sales solve this accounting questions

The Blue Bird Restaurant has annual sales of $8,500,
total debt of $2,400, total equity of $4,100, and a profit
margin of 8%. What is the return on assets?
Transcribed Image Text:The Blue Bird Restaurant has annual sales of $8,500, total debt of $2,400, total equity of $4,100, and a profit margin of 8%. What is the return on assets?
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