What is the company's ROA? Denver, Incorporated, has sales of $27 million, total assets of $24.9 million, and

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 6P
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What is the company's ROA?
Denver, Incorporated, has sales of $27
million, total assets of $24.9 million, and
total debt of $5.7 million. Assume the
profit margin is 9 percent.
Transcribed Image Text:What is the company's ROA? Denver, Incorporated, has sales of $27 million, total assets of $24.9 million, and total debt of $5.7 million. Assume the profit margin is 9 percent.
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