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I am asked to find the return on assets (ROA). I know that the ROA formula = Profit Margin x Total Assets Turnover. However I
I am asked to find the return on assets (ROA). I know that the ROA formula = Profit Margin x Total Assets Turnover. However I am only being provided with a Return on equity (ROE) of 12% and a Debt Ratio of 0.40. How do i determine ROA with only the ROE and Debt Ratio?
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