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iragen [17]
3 years ago
8

Borland, Inc., has a profit margin of 5.6 percent on sales of $13.6 million. If the firm has debt of $6.4 million and total asse

ts of $9.8 million, what is the firm’s ROA?
Mathematics
1 answer:
aniked [119]3 years ago
4 0

Answer:

ROA = 7.77 percent

Step-by-step explanation:

Borland, Inc., has a profit margin of 5.6 percent on sales of $13.6 million

Thus, profit = 5.6% of  $13.6 million

profit = 5.6 / 100 *  $13.6 million = $0.7616 million

Profit is same as net income

Formula for ROA (return on asset) = net income/ total asset

total asset as given = $9.8 million

Thus, ROA = $0.7616/ $9.8 = 0.0777

ROA in percentage = 0.0777*100 = 7.77

Thus, ROA is 7.77 percent .

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2 years ago
Harry church borrowed 17,500.00 at 6.5% exact interest. He had to pay back a maturity value of 17,873.97 to pay off the loan. Wh
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The term of the loan means the period for which the loan was given.

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