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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 14.5 percent. Sales were $1,740,000, the total debt ratio was .34, and total debt was $649,000. What is the return on assets (ROA)? Note: 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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