The Abydos Cartouche Co. has a return on equity of 11.7 percent, a debt-equity ratio of 0.3, and a total asset turnover of 0.9. What is the return on assets (in percents)? Answer Tolerance: 0.055

3.

Heliopolis Sarcophagus Manufacturing Co. has $15,800 in total assets, depreciation of $3,200, and interest of $5,400. The total asset turnover rate is 1.51 and the quick ratio is 1.19. Earnings before interest and taxes is equal to 32.6 percent of sales. What is the cash coverage ratio if the applicable tax rate is 36.9 percent? Answer Tolerance: 0.055