Question
Profitability RatiosPJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers give you
Profitability RatiosPJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $69 million, total debt = $29 million, debt ratio = 41%, ROE = 12.9%. Using this information, what is PJ's ROA? (Do not round intermediate steps.)
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
