A fire has destroyed a large percentage of the financial records of the Inferno Company. You have
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A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.5 percent. Sales were $1,625,000, the total debt ratio was 0.30, and total debt was $648,000. What is the return on assets (ROA)?
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To find the return on equity we need the net income and total equity We can ...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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