The following is selected data for Dominguez Industries: Requirements 1. Calculate the return on assets (ROA) and

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The following is selected data for Dominguez Industries:

The following is selected data for Dominguez Industries:  .:.

Requirements
1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Dominguez 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
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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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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