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Finance

The Birdhouse Manufacturing Company posted $687,400 total sales in 2012 and generated a profit margin of 4.8 percent. At the end of the year, Birdhouse's balance sheet reported total debt of $210,000 and total equity of $365,000. What is the return on assets?

5.74 percent

6.48 percent

7.02 percent

7.78 percent

9.79 percent

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91672500

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