Problemthe purple martin has annual sales of 4900 total, Ask an Expert

Finance

Problem:

The Purple Martin has annual sales of $4,900, total debt of $1,240, total equity of $2,300, and a profit margin of 6 percent.

Required:

Question: What is the return on assets?

Start by calculating Net Income and Total Assets.

A. 23.71

B. 12.78%

C. 11.17%

D. 6.00%

E. 8.31%

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162627

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