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Use the information in the table below to compute the ROA for the company. Enter your answer to 4 decimal places, for example 0.1234. Average
Use the information in the table below to compute the ROA for the company. Enter your answer to 4 decimal places, for example 0.1234.
| Average Assets | 7,000,000 |
| Average Debt | 2,000,000 |
| Sales | 6,000,000 |
| Net Income | 249,009 |
| Interest expense | 10,000 |
| Tax rate | 24% |
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
