EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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answer ?? : General accounting question

A company has a profit margin of 12 percent on sales of $35,000,000. The company has total liabilities of $12,500,000, shareholders' equity of $17,500,000, and an after-tax interest expense on debt of 6 percent. What is the company's Return on Assets (ROA)? a. 10.5% b. 11.7% c. 12.0% d. 14.0% e. 15.6%
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Transcribed Image Text:A company has a profit margin of 12 percent on sales of $35,000,000. The company has total liabilities of $12,500,000, shareholders' equity of $17,500,000, and an after-tax interest expense on debt of 6 percent. What is the company's Return on Assets (ROA)? a. 10.5% b. 11.7% c. 12.0% d. 14.0% e. 15.6%
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