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During the latest year, XYZ Corporation has total sales of $400,000, net income of 10,000 , and its year-end total assets were $230,000. The firm's
During the latest year, XYZ Corporation has total sales of $400,000, net income of 10,000 , and its year-end total assets were $230,000. The firm's total debt to total assets ratio was 50%. What is firm's return on assets (ROA)? (Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43(%) instead of 0.0843 . Your Answer: Answer units
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
