A Firm Has an ROA of 8%, Sales of $100

question 262

Multiple Choice

A firm has an ROA of 8%, sales of $100, and total assets of $71. What is its profit margin?

• A) 1.3%
• B) 4.3%
• C) 5.7%
• D) 10.7%
• E) 16.7%

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Definitions:

New Perspectives

Fresh insights or different ways of viewing things that can lead to innovative solutions or changes in understanding.

Transformational Leaders

Leaders who inspire and motivate followers to achieve extraordinary outcomes by transforming their attitudes, beliefs, and values rather than simply managing transactions.

Fundamental Cornerstones

Basic, essential principles or components on which a concept, theory, or system is founded or constructed.

Abandon Systems

The decision to discontinue the use of a particular system, tool, or process after it has been deemed outdated, inefficient, or no longer aligned with the organization's goals.