Finance

posted by .

A company has total assets of $8,500,000 and its total turnover of 2.35 times. If the return on assets is 9 percent, what is its profit margin? Please help with a formula?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math - Financial Analysis

    How do I determine the profit margin (return of sales)?
  2. Managerial Accounting

    The company reported a 6% operating margin on sales, a 12% pretax operating return on total assets, and $500 million of average total assets. I have calculated the operating income to $60,000,000. How do I calculate the total sales …
  3. Acc

    The comparative statements of Dillon Company are presented below. Analysis DILLON COMPANY Balance Sheets December 31 Assets 2009 2008 Current assets Cash $ 21,000 $ 18,000 Short-term investments 18,000 15,000 Accounts receivable (net) …
  4. Personal Fiance

    Can someone check this and see if I am doing it right or not. Thank you. I used Bank of America annual report Earnings Assets to Total Assets Earnings Assets 2,736,000 Total Assets 2,223,299,000 1.23 Interest Margin to Average Earning …
  5. Finance

    A firm has return on equity of 15 percent, earnings before taxes of $30,000, total asset turnover of .80, a profit margin of 4.5 percent, and a tax rate of 35 percent. What is the return on assets?
  6. Finance

    Trying to figure out how to do problems like these. So confused! 1. The receivables turnover for 2009 is 10 times. 2. All sales are on account. 3. The profit margin for 2009 is 14.5%. 4. Return on assets is 22% for 2009. 5. The current …
  7. Finance

    Item Total assets $10,000,000 Total equity (all common) 9,000,000 Total debt 1,000,000 Annual interest 100,000 Total sales $25,000,000 EBIT 6,250,000 Earnings available for common stockholders 3,690,000 I am trying to find the values …
  8. Finance

    Item Total assets $10,000,000 Total equity (all common) 9,000,000 Total debt 1,000,000 Annual interest 100,000 Total sales $25,000,000 EBIT 6,250,000 Earnings available for common stockholders 3,690,000 I am trying to find the values …
  9. Finance

    One of Wildcat's competitors has a total assets turnover equal to 2.0, a return on equity equal to 15%, and a debt ratio equal to 60%. The company is financed with debt and common stock. What is this company's Return on Assets and …
  10. Accounting

    What is the correct formula for finding the return on assets (ROA)?

More Similar Questions