Question regarding the return on assets


Problem:

Cross Hairs Gun Shop has sales of $189,000, a profit margin of 4.8 percent, and a capital intensity ratio of 0.79.

Required:

Question: What is the return on assets?

  • 5.67 percent
  • 6.08 percent
  • 6.39 percent
  • 6.42 percent
  • 6.67 percent

Note: Please show guided help with steps and answer.

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Accounting Basics: Question regarding the return on assets
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