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?
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?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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Transcribed Image Text: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?
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