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What is the company's ROA? Denver, Incorporated, has sales of $27 million, total assets of $24.9 million, and

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

What is the company's ROA?
Denver, Incorporated, has sales of $27
million, total assets of $24.9 million, and
total debt of $5.7 million. Assume the
profit margin is 9 percent.

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