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What is the profit margin ratio used in roa

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Reference no: EM131809684

Problem

Alpha Enterprises has the following comparative balance sheets and income statements

Statement of Financial Position
Income Statement
for the year ending 
December 31, X2

 

Dec 31, X2

Dec 31, X1

Revenues

$100.0

Total Assets

$120

$100

Operating expenses

80.0

Total Liabilities

70

60

Interest Expense

6.0

Shareholders' equity

50

40

Income before Taxes

14.0

 

 

 

Tax Expense (30%)

4.2

 

 

 

Net Income

9.8

What is the Profit Margin ratio used in ROA?
0.13
0.14
0.20
0.091

Reference no: EM131809684

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