Question
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
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 15.5 percent. Sales were $1,765,000, the total debt ratio was .34, and total debt was $654,000. What is the return on assets (ROA)?
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
