Question

Last year Electric Autos had sales of $175 million and assets at the start of the year of $300 million. If its return on star
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Return on Assets = Operating Income / Assets
0.15 = Operating Income / $300 million
Operating Income = $45 million

Operating Profit Margin = Operating Income / Sales
Operating Profit Margin = $45 million / $175 million
Operating Profit Margin = 0.2571 or 25.71%

Add a comment
Know the answer?
Add Answer to:
Last year Electric Autos had sales of $175 million and assets at the start of the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Shelton, Inc., has sales of $18 million, total assets of $16.7 million, and total debt of...

    Shelton, Inc., has sales of $18 million, total assets of $16.7 million, and total debt of $7.2 million. Assume the profit margin is 5 percent What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g. 1,234.567.) Net income What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) ROA What is the company's ROE? (Do not round...

  • DTO, Inc., has sales of $17 million, total assets of $15,3 million, and total debt of...

    DTO, Inc., has sales of $17 million, total assets of $15,3 million, and total debt of $57 million. Assume the profit margin is 7 percent. a. What is the company's net income? (Do not round Intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round...

  • DTO, Inc., has sales of $16 million, total assets of $14.1 million, and total debt of...

    DTO, Inc., has sales of $16 million, total assets of $14.1 million, and total debt of $8.2 million. Assume the profit margin is 6 percent. a. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round...

  • DTO, Inc., has sales of $13 million, total assets of $11 million, and total debt of...

    DTO, Inc., has sales of $13 million, total assets of $11 million, and total debt of $6.4 million. Assume the profit margin is 6 percent. a. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's ROA? (Do not round intermediate calculations....

  • Saved Wims, Inc., has sales of $18.3 million, total assets of $13.3 million and total debt of $4.1 million. The prof...

    Saved Wims, Inc., has sales of $18.3 million, total assets of $13.3 million and total debt of $4.1 million. The profit margin is 11 percent. 2:33:21 a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g.. 32.16.)...

  • Wims, Inc., has sales of $15.2 million, total assets of $9.8 million, and total debt of...

    Wims, Inc., has sales of $15.2 million, total assets of $9.8 million, and total debt of $3.7 million. The profit margin is 6 percent. a. What is net income? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.) b. What is ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is ROE? (Do not round...

  • Inc., has sales of $21 million, total assets of $19.1 million, and total debt of $6.8...

    Inc., has sales of $21 million, total assets of $19.1 million, and total debt of $6.8 llon. Assume the profit margin is 8 percent a. What is the company's net income? (Do not round intermediate calculations. Enter b. What is the company's ROA? (Do not round intermediate calculations. Enter your c. What is the company's ROE? (Do not round intermediate calculations. Enter your your answer in dollars not in millions,e.g., 1,234,567) answer as a percent rounded to 2 decimal places,...

  • ​(Analyzing Profitability) In​ 2016, the Allen Corporation had sales of $ 68 million, total assets of...

    ​(Analyzing Profitability) In​ 2016, the Allen Corporation had sales of $ 68 million, total assets of $46 million, and total liabilities of 15 million. The interest rate on the​ company's debt is 5.7 ​percent, and its tax rate is 35 percent. The operating profit margin is 11 percent. a. Compute the​ firm's 2016 net operating income and net income. b. Calculate the​ firm's operating return on assets and return on equity.​ (Hint: You can assume that interest must be paid...

  • Consider a mutual fund with $203 million in assets at the start of the year and...

    Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at...

  • Last year, Duff Company had sales of $7,442 million. If Duff's net profit margin was 4.3...

    Last year, Duff Company had sales of $7,442 million. If Duff's net profit margin was 4.3 percent and its return on assets was 3.7 percent, what was Duff's total assets? a. $ 5,841 million. b. $ 6,404 million. c. $ 7,895 million. d. $ 8,649 million.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT