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VisionTech Inc. has annual sales of $925,400, total debt of $205,000, total equity of $450,000, and a profit margin of 6.12 percent. What is the return on assets? A) 9.18 percent B) 7.46 percent C) 10.25 percent D) 8.92 percent E) 8.35 percent

VisionTech Inc. has annual sales of $925,400, total debt of $205,000, total equity of $450,000, and a profit margin of 6.12 percent. What is the return on assets? A) 9.18 percent B) 7.46 percent C) 10.25 percent D) 8.92 percent E) 8.35 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 6P
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VisionTech Inc. has annual sales of $925,400, total debt of $205,000, total equity of $450,000, and a profit margin of 6.12 percent. What is the return on assets? A) 9.18 percent B) 7.46 percent C) 10.25 percent D) 8.92 percent E) 8.35 percent
Transcribed Image Text:VisionTech Inc. has annual sales of $925,400, total debt of $205,000, total equity of $450,000, and a profit margin of 6.12 percent. What is the return on assets? A) 9.18 percent B) 7.46 percent C) 10.25 percent D) 8.92 percent E) 8.35 percent
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