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Given the following information for the Duke Tire Company, findROA(Return on Assets): Debt ratio (D/A) = 0.21 (expressed as a decimal) Total asset turnover ratio

Given the following information for the Duke Tire Company, findROA(Return on Assets):

  • Debt ratio (D/A) = 0.21 (expressed as a decimal)
  • Total asset turnover ratio (S/A) = 1.27
  • Sales (S) = $10,000
  • Net profit margin = 0.09 (expressed as a decimal)

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