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Service company earns $ . 1 2 in profit for every $ 1 of equity in the firm. The company borrows $ . 4 0

Service company earns $ $. 12$ in profit for every $ $1$ of equity in the firm. The company borrows $ $. 40$ for every $ $1$ of equity in the firm. What is the firms return on assets?

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Question

Service company earns $ . 1 2 in profit for every $ 1 of equity in the firm. The company borrows $ . 4 0

Service company earns $.12 in profit for every $1 of equity in the firm. The company borrows $.40 for every $1 of equity in the firm. What is the firms return on assets?

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Step: 3

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Nature Of Mathematics

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Service company earns $ $. 12$ in profit for every $ $1$ of equity in the firm. The company borrows $ $. 40$ for every $ $1$ of equity in the firm. What is the firms return on assets?