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

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

9th Edition

ISBN:9781305635937

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7DQ: From the Google Finance site, use the DuPont analysis to determine the total assets turnover ratio...

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

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