Answered: Green Fire, Inc., has sales of $60…

Green Fire, Inc., has sales of $60 million, total assets of $42 million, and total debt of $18 million. If the profit margin is 9 percent, what is the ROA?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Green Fire, Inc., has sales of $60 million, total assets of $42 million, and total debt of $18 million. If the profit margin is 9 percent, what is the ROA?

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