Evalon Corp. has sales-to-total assets of 3.2x, return on assets (ROA) of 6.5% and return on equity

Fantastic news! We've Found the answer you've been seeking!

Question:

Evalon Corp. has sales-to-total assets of 3.2x, return on assets (ROA) of 6.5% and return on equity (ROE) of 12%.

calculate What is Evalon's profit margin?

Related Book For answer-question

Data Analytics for Accounting

ISBN: 978-1260375190

1st edition

Authors: Vernon Richardson

See More Books

Posted Date: Apr 11, 2023 02:06 AM

See More Questions

Jim Harrod knew that service, above all, was important to his customers. Jim and Becky Harrod had opened their first store in Omaha, Nebraska in 1997, Harrod's carried a full line of sporting goods...
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
On a Saturday afternoon in May 2015, Robert Boyle and his wife Janet were sitting on the porch of their house on Saltspring Island, British Columbia, watching the fog roll in. The couple frequently...
Consider again examples 9.2 and 9.3 , and once again assume that there are two states of the world for each random variable, denoted by V L j , V H j and n L , n H . Denote the probabilities for...
Seven factors are' varied at, two levels in an experiment involving only 16 trials. A 1/8 fraction of a 2 factorial experiment is used with the defining contrasts being ACD, BEF, and CEG. The data...
What is the effect of immigration laws restricting the number of immigrants?
Bristol-Myers Squibb (BMS) Company reports that it maintains a $$2$ billion, five-year revolving line of credit with a syndicate of lenders. The company disclosed in its annual report that: The...
ADA Pharmaceutical Company produces three drugs: Diomycin, Homycin, and Addolin belonging to the analgesic (pain-killer) family of medication. Since its inception four years ago, ADA has used a...
How can i reply to the following peer post? A product that we buy a lot of at my house is Science Diet dog food. We have two American bullies; they will eat all day if we let them. Science Diet dog...
In December 1992, Michael Eisner and the late Frank Wells of Walt Disney exercised a large number of stock options. The facts are summarized here. In 1984, Michael Eisner became chairman of Walt...
The following are the financial information provided by YUSRA SERVICES. YUSRA SERVICES Unadjusted Trial Balance for the month ended 31 December 2021 Cash Office supplies Prepaid insurance Computer...
Angle Company started business on January 1. During the year, the company purchased merchandise with an invoice price of $\$ 500,000$. Angle also paid $\$ 20,000$ freight on the merchandise....
Samuel Company uses the perpetual inventory system. Samuel purchased merchandise with an invoice price of $\$ 800$, terms $\mathbf{2} / \mathbf{1 0}, \mathbf{n} / \mathbf{3 0}$. If Samuel returns...
In the post-Enron environment, and with the enactment of the SarbanesOxley legislation, many firms are proactively portraying themselves as being "ethical." Ethical behavior is, for example, part of...
Why should a management accountant consider becoming a CMA?
Carole Company purchased $\$ 6,000$ of merchandise and paid $\$ 300$ in transportation costs to deliver the merchandise. Carole then returned $\$ 1,000$ of the merchandise before paying the...
45) Based on the following information from a business's financial statements, what amount of accounts receivable change was attributed to sales Sales Year 1 ($) 4,440 Ending account receivable 500...
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
Go to Loughran and McDonalds sentiment word lists at https://www3.nd.edu/~mcdonald/Word_Lists.html and download the Master Dictionary. These are what theyve used to assess sentiment in financial...
If ROA is considered a key KPI for a company, what would be an appropriate benchmark? The industrys ROA? The average ROA for the company for the past five years? The competitors ROA? a. How will you...
In which of the four components of a Balanced Scorecard would you put the Walton Colleges diversity initiative? Why do you think this is important for a public institution of higher learning?
Briefly describe the concept of weighted average cost of capital.
A company plans to accumulate 75% of its needed investment capital by issuing bonds having a capital cost percentage of 12%; the balance will be raised by issuing stock having a capital cost...
In what sense does the cost of capital limit a firms investment considerations?

Evalon Corp. has sales-to-total assets of 3.2x, return on assets (ROA) of 6.5% and return on equity

Question:

Expert Answer:

To find Evalons profit margin we need to use the formula Profit Margin Net Income Sales We dont have ... View the full answer

Data Analytics for Accounting

Students also viewed these finance questions