Humphrey Hotels' operating income (EBIT) is $40 million. The company's times interest earned (TIE) ratio is 8.0,

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Humphrey Hotels' operating income (EBIT) is $40 million. The company's times interest earned (TIE) ratio is 8.0, its tax rate is 40%, and its
basic earning power (BEP) ratio is 10%. What is the company's return on assets (ROA)?

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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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Posted Date: Apr 24, 2024 06:54 AM

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Humphrey Hotels' operating income (EBIT) is $40 million. The company's times interest earned (TIE) ratio is 8.0,

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Return on Assets ROA is a measure of a companys profitability relative to its total assets It is cal... View the full answer

Fundamentals of Financial Accounting

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