Given the following information for the Duke Tire Company, find ROA (Return on Assets): Debt ratio (D/A)
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Question:
Given the following information for the Duke Tire Company, findROA(Return on Assets):
- Debt ratio (D/A) = 0.37 (expressed as a decimal)
- Total asset turnover ratio (S/A) = 1.16
- Sales (S) = $10,000
- Net profit margin = 0.05 (expressed as a decimal)
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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