Multiple Choice
What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000, and a profit margin of 9%?
A) 5.60%
B) 6.50%
C) 8.85%
D) 10.95%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: Which of the following would be most
Q7: If a firm's cash coverage ratio is
Q8: Which of the following actions will improve
Q9: A firm reports an ROE of 14
Q12: Cindex Corporation had total capitalization of $500
Q13: A cash coverage ratio of less than
Q15: A firm's quick ratio of .89 suggests
Q16: What is the residual income for a
Q67: Calculate the average collection period for Dotte
Q87: ROE is equal to ROA when the