Question
Given the following information for the Duke Tire Company, find ROA (Return on Assets): Debt ratio (D/A) = 0.38 (expressed as a decimal) Total asset
Given the following information for the Duke Tire Company, find ROA (Return on Assets):
Debt ratio (D/A) = 0.38 (expressed as a decimal)
Total asset turnover ratio (S/A) = 1.79
Sales (S) = $10,000
Net profit margin = 0.04 (expressed as a decimal)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
