Last year, Hassan’s Madhatter, Inc. had an ROA of 7.4 percent, a profit margin of 14.40 percent, and sales of $20 million. Calculate Hassan’s Madhatter’s total assets. (Enter your answer in dollars, rounded to the nearest dollar.)
Profit margin=net income/Sales
net income=(20*14.4%)=$2.88 million
ROA=net income/Total assets
Total assets=2.88 million/0.074
=$38918919(Approx)
Last year, Hassan’s Madhatter, Inc. had an ROA of 7.4 percent, a profit margin of 14.40...
Last year, Hassan’s Madhatter, Inc. had an ROA of 8 percent, a profit margin of 14.10 percent, and sales of $25 million. Calculate Hassan’s Madhatter’s total assets. (Enter your answer in dollars, rounded to the nearest dollar.)
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