The Purple Martin has annual sales of $687,400,total debt of $210,000,total equity of $365,000,and a profit margin of 4.80 percent.What is the return on assets?
A) 5.74 percent
B) 6.48 percent
C) 7.02 percent
D) 7.78 percent
E) 9.79 percent
Correct Answer:
Verified
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