Hahnrsquos pianos has a profit margin of 695 percent on, Financial Management

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Hahnrsquos pianos has a profit margin of 695 percent on

Hahn’s Pianos has a profit margin of 6.95 percent on sales of $24,400,000. Assume the firm has debt of $9,600,000 and total assets of $16,200,000.

Required:

What is the firm’s ROA? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management: Hahnrsquos pianos has a profit margin of 695 percent on

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Financial Management: Hahnrsquos pianos has a profit margin of 695 percent on

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