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The Pine Sparrow has annual sales of $5,200, total debt of $1,480, total equity of $2,900, and a profit margin of 7%. What is the return on assets?

The Pine Sparrow has annual sales of $5,200, total debt of $1,480, total equity of $2,900, and a profit margin of 7%. What is the return on assets?

Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 1P: Ogier Incorporated currently has $800 million in sales, which are projected to grow by 10% in Year 1...
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The Pine Sparrow has annual sales of $5,200, total debt of $1,480, total equity of $2,900, and a profit margin of 7%. What is the return on assets?
Transcribed Image Text:The Pine Sparrow has annual sales of $5,200, total debt of $1,480, total equity of $2,900, and a profit margin of 7%. What is the return on assets?
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