Question: Calculate the Return on Assets using the following information: 1. Profit Margin (PM) = 10.5%: 2. Net Sales = $ 20.75 m : 3. Total

Calculate the Return on Assets using the following information:

1. Profit Margin (PM) = 10.5%: 2. Net Sales = $ 20.75 m : 3. Total Assets (TA) = $ 48.2 m

According to your calculation ROA is =

a.

12.37%
b.

6.49%
c.

7.92%
d.

15.48%
e.

7.12%

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