Beckinsale inc has a profit margin of 69 percent on sales


Beckinsale, Inc., has a profit margin of 6.9 percent on sales of $24,200,000. Assume the firm has debt of $9,500,000 and total assets of $16,100,000.

Required:

What is the firm's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) 

ROA _______%

Solution Preview :

Prepared by a verified Expert
Finance Basics: Beckinsale inc has a profit margin of 69 percent on sales
Reference No:- TGS01292814

Now Priced at $6 (50% Discount)

Recommended (92%)

Rated (4.4/5)