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# Berkeley Corporation showed a profit margin of 6.2% last year on sales of \$45,000,000. If its total asset level was \$37,000,000 and total debt was

Berkeley Corporation showed a profit margin of 6.2% last year on sales of \$45,000,000. If its total asset level was \$37,000,000 and total debt was \$16,000,000 what was its ROA (return on assets)?

•  A. 43.243%
•  B. 7.541%
•  C. 13.286%
•  D. 17.438%
•  E. 14.338%

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1 comment
• total asset figure corrected: 45000000/ 37000000= 1.2162 * 6.2% = 7.541%
• payaljain3
• Jun 01, 2018 at 7:20pm

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