Question
A firm has total equity of $1.23 million, net income of $162,100, long-term liabilities of $1.01 million, a current ratio of 1.4, current assets of
A firm has total equity of $1.23 million, net income of $162,100, long-term liabilities of $1.01 million, a current ratio of 1.4, current assets of $343,000, and sales of $2.42 million. What is the return on assets? Please show all your work.
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
3rd Edition
0321541642, 9780321541642
