Last fiscal year, Afton Machinery had the following financial statement data: Sales/Assets ................................... 2.10 Net Income/EBIT............................. 0.65
Question:
Sales/Assets ................................... 2.10
Net Income/EBIT............................. 0.65
EBIT/Sales .................................... 0.10
Assets/Equity ................................. 3.00
Calculate Afton's return on assets and return on equity.
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Related Book For 
Fundamentals of Investments
ISBN: 978-0132926171
3rd edition
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
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