Beckinsale, Inc., has a profit margin of 5.8 percent on sales of $16,000,000. If the firm has debt of $7,900,000 and total assets of $14,000,000. Required: What is the firm's ROA? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) ROA
Beckinsale, Inc., has a profit margin of 5.8 percent on sales of $16,000,000. If the firm has debt of $7,900,000 and total assets of $14,000,000. Required: What is the firm's ROA? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) ROA
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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