Question

The following is selected data for Aldridge Equipment, Inc., for the current year:
Sales...................................................................... $748,000
Net income............................................................. 52,000
Total current assets, beginning.............................. 96,000
Total, current assets, ending.................................. 112,000
Property, plant and equipment, beginning ............. 288,000
Property, plant and equipment, ending .................. 294,000
Total assets, beginning .......................................... 384,000
Total assets, ending ............................................... 406,000

Requirement
1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Aldridge
Equipment for the current year. Round your answers to two decimal places.



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  • CreatedApril 29, 2014
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