Gwen's Pastry Shop has annual sales of $238,000, a profit margin of 6 percent, and a...

Gwen's Pastry Shop has annual sales of $238,000, a profit margin of 6 percent, and a return on assets of 7.7 percent. The firm has in total assets.

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Expert Solution

Net income =Profit Margin*Sales =6%*238000 =
The total assets of Firm =Net Income/ROA =6%*238000/7.7% =185454.55

jeff jeffy answered 1 year ago

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