Question
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
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 17.7 percent. Sales were $1,820,000, the total debt ratio was .33, and total debt was $665,000.
What is the return on assets (ROA)?
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
