Question: 03.33 Return on Assets A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing
| 03.33 Return on Assets A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 12.9 percent. Sales were $1,840,000, the total debt ratio was .37, and total debt was $673,000. What is the return on assets (ROA)? | ||||||
| Return on Equity | 12.90% | |||||
| Sales | $ 1,840,000.00 | |||||
| Total Debt Ratio | 0.37 | |||||
| Total Debt | $ 673,000.00 | |||||
| Return on Assets | ||||||
| 03.41 Growth and Assets A firm wishes to maintain an internal growth rate of 6.8 percent and a dividend payout ratio of 25 percent. The current profit margin is 7.3 percent and the firm uses no external financing sources. What must total asset turnover be? | ||||||
| Internal Growth Rate | 6.80% | |||||
| Dividend Payout Ratio | 25.00% | |||||
| Profit Margin | 7.30% | |||||
| Total Asset Turnover | ||||||
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