Timberline Tools has annual sales of $745,800, total debt of $204,000, total equity of $396,000, and a profit margin of 5.6 What is the percent. return on assets (ROA)?
Timberline Tools has annual sales of $745,800, total debt of $204,000, total equity of $396,000, and a profit margin of 5.6 What is the percent. return on assets (ROA)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financial accounting problem
Transcribed Image Text:Timberline
Tools
has
annual sales of $745,800,
total debt of $204,000,
total equity of $396,000,
and a profit margin of 5.6
What is the
percent.
return on assets
(ROA)?
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