The Purple Martin has annual sales of $4,700, total debt of $1,330, total equity of $2,500, and a profit margin of 6%. What is the return on assets?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter12: Corporate Valuation And Financial Planning
Section: Chapter Questions
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The Purple Martin has annual sales of $4,700,
total debt of $1,330, total equity of $2,500,
and a profit margin of 6%. What is the return
on assets?
Transcribed Image Text:The Purple Martin has annual sales of $4,700, total debt of $1,330, total equity of $2,500, and a profit margin of 6%. What is the return on assets?
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