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The following ratios have been calculated for a company: Gross profit margin 42% Operating profit margin 28% Gearing (debt/equity) 40% Asset turnover (sales/TA) 65% What
The following ratios have been calculated for a company: Gross profit margin 42% Operating profit margin 28% Gearing (debt/equity) 40% Asset turnover (sales/TA) 65% What is the return on asset (ROA) for the company? (ROA=EBIT/TA) Select one: O a. 16.8% O b. 11.2% O c. 18.2% O d. 27.3%
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