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Firm A has sales of $30 million and net income of $2.7 million.The firm has $40 million in assets and $25 million in equity.What is
Firm A has sales of $30 million and net income of $2.7 million.The firm has $40 million in assets and $25 million in equity.What is the firm's return on assets (ROA)?
A. 5.35%
B. 10.80%
C. 6.75%
D. 9.40%
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
