A firm's asset turnover is 4 and its profit margin is 3.5 percent. Its financial leverage is 6. The firm's return on assets is _____ percent.

A firm's asset turnover is 4 and its profit margin is 3.5 percent. Its financial leverage is 6. The firm's return on assets is _____ percent.

A firm's asset turnover is 4 and its profit margin is 3.5 percent. Its financial leverage is 6. The firm's return on assets is _____ percent.


a. 14

b. 18

c. 21

d. 63


Answer: A


Learn More :