Goshen Industrial Sales has sales of $487,600,total equity of $367,700,a profit margin of 5.1 percent,and a debt-equity ratio of .34.What is the return on assets?
A) 5.89 percent
B) 5.05 percent
C) 6.76 percent
D) 8.80 percent
E) 7.33 percent
Correct Answer:
Verified
Q52: Galaxy Sales has sales of $938,300, cost
Q61: BR Trucking has total sales of $911,300,
Q65: Discount Outlet has net income of $389,100,
Q66: Spring Falls Gifts has sales of $680,300,
Q68: Whitt's BBQ has sales of $1,318,000, a
Q72: Bed Bug Inn has annual sales of
Q74: Kessler Cleaners has accounts receivable of $28,943,total
Q78: KBJ has total assets of $613,000.There are
Q79: Jessica’s Sports Wear has $38,100 in receivables
Q80: Dellf's has a profit margin of 3.8
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents