Answer this Financial Accounting TR's has annual$612,200, total$153,000, totalsalessalesofdebt ofequityof$354,000, and a profit marginof 6.78 percent. What is thereturn on assets?

Explanation of Total Assets:Total Assets represent the total economic resources owned by a company,…

Answered: TR's has annual $612,200, total…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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TR's has annual $612,200, total $153,000, total sales sales of debt of equity of $354,000, and a profit margin of 6.78 percent. What is the return on assets?