Solution-What was the return on assets

What was the return on assets

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Q1- Salerno Sweets has a return on assets of 18%, a net profit margin of 6%, and sales of $21,000. What are total assets?

Q2- Takoradi Tools had total equity of $20,900 at the end of 2016, $21,800 at the end of 2017, and $23,900 at the end of 2018. Using the average of the annual growth rates, predict equity at the end of 2019. Round your answer to the nearest dollar. Do not use the dollar sign.

Q3- In 2018, Tirana Trucks had a return on equity of 30.0%, and a financial leverage multiplier of 1.2. What was the return on assets?

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What was the return on assets

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