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stuck on this HW question, please help TRA Corp.'s 2021 income statement listed net sales of $14 million, EBIT of $7.5 million, net income of
stuck on this HW question, please help
TRA Corp.'s 2021 income statement listed net sales of $14 million, EBIT of $7.5 million, net income of $5.4 million, and dividends of $2.5 million. The 2021 year-end balance sheet listed total debt of $58 million and equity of $32 million with 2.0 million shares outstanding. What is the corporation's ROA (Return on Assets)? 8.1 percent 6.0 percent O 7.7 percent O 5.9 percent Step by Step Solution
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