Suppose a company has a net profit margin of 4.54 percent on sales of $1,802,633....

50.1K

Verified Solution

Question

Finance

Suppose a company has a net profit margin of 4.54 percent on sales of $1,802,633. If the company has a debt of $589,957 and total assets of $1,016,073, what is the company's return on assets?

Report your answer rounded to four decimal places (e.g., 0.1234).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students