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03.33 Return on Assets A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing

03.33 Return on Assets A fire has destroyed a large percentage of the financial records of the Excandesco 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 12.9 percent. Sales were $1,840,000, the total debt ratio was .37, and total debt was $673,000. What is the return on assets (ROA)?
Return on Equity 12.90%
Sales $ 1,840,000.00
Total Debt Ratio 0.37
Total Debt $ 673,000.00
Return on Assets

03.41 Growth and Assets A firm wishes to maintain an internal growth rate of 6.8 percent and a dividend payout ratio of 25 percent. The current profit margin is 7.3 percent and the firm uses no external financing sources. What must total asset turnover be?
Internal Growth Rate 6.80%
Dividend Payout Ratio 25.00%
Profit Margin 7.30%
Total Asset Turnover

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