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XYZ Corporation has sales of $18,500,000 with a profit margin of 5.5%. Total assets are $12,300,000. Calculate the Return on Assets (ROA)

XYZ Corporation has sales of $18,500,000 with a profit margin of 5.5%. Total assets are $12,300,000. Calculate the Return on Assets (ROA)

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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XYZ Corporation has sales of $18,500,000 with a profit margin of 5.5%. Total assets are $12,300,000. Calculate the Return on Assets (ROA)
Transcribed Image Text:XYZ Corporation has sales of $18,500,000 with a profit margin of 5.5%. Total assets are $12,300,000. Calculate the Return on Assets (ROA)
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