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
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 17.3 percent. Sales were $1,810,000, the total debt ratio was 35, and total debt was $663,000. What is the return on assets (ROA)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return on assets
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
978-0073405131, 9780073405131
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