Here and Gone, Inc., has sales of $23,759,991, total assets of $11,706,728, and total debt of $4,779,099. If the profit margin is 6 percent, what is ROA? Enter the answer with 4 decimal places (e.g. 0.1234).

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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Here and Gone, Inc., has sales of $23,759,991, total assets of $11,706,728, and total debt of $4,779,099. If the profit margin is 6 percent, what is ROA? Enter the answer with 4 decimal places (e.g. 0.1234).

 

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