Not use ai please don't The Purple Martin has annual sales of $4,700, total debt of$1,230, total equity of $2,400, and a profit margin of 6 percent.What is the return on assets?a. 6 percentb. 11.75 percentc. 7.77 percentd. 22.93 percente. 10.09 percent

Step 1: Define Return on AssetsA company's return on assets indicates the ratio of profit earned by…

Answered: The Purple Martin has annual sales of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....

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Harmony Haven Gifts has sales of $810,200, total assets of $577,900, and a profit margin of 4.3 percent. What is the return on assets? 6.03 percent 4.30 percent O 6.54 percent 3.83 percent 7.01 percent
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A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.
Assume that the net profit margin = 9%, assets are 95 cents for every dollar of sales, and equity is 86 percent of assets. According to the DuPont system of financial ratio analysis, the ROE would be approximately O A. 8% O B. 10% O c. 9% O D. 11%
A return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.
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Delta GMBH’s ROE is 8.9 percent. Sales are $2,956,000.00. Total debt ratio is 0.3743. Total debt is $964,000.00. Determine the return on assets (ROA).
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The Purple Martin has annual sales of $4,700, total debt of $1,230, total equity of $2,400, and a profit margin of 6 percent. What is the return on assets? a. 6 percent b. 11.75 percent c. 7.77 percent d. 22.93 percent e. 10.09 percent