A company has a net income of $500,000 and a total assets value of $2,500,000. The companys cost of goods sold is $1,200,000, while the
A company has a net income of $500,000 and a total assets value of $2,500,000. The company’s cost of goods sold is $1,200,000, while the depreciation expense is $100,000. If the company's tax rate is 35%, what is its return on assets (ROA) and return on equity (ROE)?
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Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
