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Gateway lodging has annual sales of $1.22 million, total debt of $380,000, total equity of $750,000, and a profit margin of 7.45 percent. what is the return on assets? 6.97 perc…

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asked Sep 25, 2019 212k views

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Gateway lodging has annual sales of $1.22 million, total debt of $380,000, total equity of $750,000, and a profit margin of 7.45 percent. what is the return on assets? 6.97 percent 7.13 percent 7.56 percent

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Candidasa asked

by Candidasa

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.0745 * 1,220,000 $380,000+750,000=$90,890 $1,130,000 = .8043 = 8.04%

Your answer 8.04%

TommySM answered Oct 1, 2019

Gateway lodging has annual sales of $1.22 million, total debt of $380,000, total equity of $750,000, and a profit margin of 7.45 percent. what is the return on assets? 6.97 perc…

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