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…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 16PROB

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Keller Cosmetics maintains an operating profit margin of 6% and asset turnover ratio of 1. a. What is its ROA? (Enter your answer as a whole percent.) ROA % b. If its debt-equity ratio is 1, its interest payments are $9,700 and taxes are $11,400, and EBIT is $28,500, what is its ROE? (Do not round intermediate calculations. Enter your answer as a whole percent.) ROE %

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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