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Homework answers / question archive / A company has annual sales of $500,000, total debt of $150,000, total equity of $150,000, and a profit margin of 7% percent

A company has annual sales of $500,000, total debt of $150,000, total equity of $150,000, and a profit margin of 7% percent

Finance

A company has annual sales of $500,000, total debt of $150,000, total equity of $150,000, and a profit margin of 7% percent. What is the return on assets? 
Multiple Choice 
a) 7.3%

b) 11.7%

c)  5.2%

d) 15.3% 

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