Question
Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2. What is
Cliff Corp. reported net income of $90,000, a profit margin of 8.7%, a debt-to-equity ratio of 0.60 and total asset turnover of 2.2. What is Cliff Corp.s ROA?
Select one:
a. 8.70%
b. 18.92%
c. 19.14%
d. 22.12%
e. None of the above.
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
