The following is selected data for Halo Industries: Requirements 1. Calculate the return on assets (ROA) and
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Requirements
1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Halo Industries for 2011 and 2012. Round your answers to two decimal places.
2. Have the ratios improved or deteriorated? Comment on the trend in bothratios.
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Req 1 2011 Return on Assets Net income 117000 1382 Average total ...View the full answer
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