Multiple Choice
The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.20 percent. What is the return on assets?
A) 6.22 percent
B) 6.48 percent
C) 7.02 percent
D) 7.78 percent
E) 9.79 percent
Correct Answer:
Verified
Correct Answer:
Verified
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