Given the following information for the Vanderbilt Tire Company, find ROA (Return on Assets): Debt...
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Given the following information for the Vanderbilt Tire Company, find ROA (Return on Assets): • Debt ratio (D/A) = 0.24 (expressed as a decimal) • Total asset turnover ratio (S/A) = 1.06 • Sales (S) $10,000 • Net profit margin = 0.06 (expressed as a decimal) Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer. For example, record .347924 = 34.7924% as 34.8. Your Answer: Answer Given the following information for the Vanderbilt Tire Company, find ROA (Return on Assets): • Debt ratio (D/A) = 0.24 (expressed as a decimal) • Total asset turnover ratio (S/A) = 1.06 • Sales (S) $10,000 • Net profit margin = 0.06 (expressed as a decimal) Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer. For example, record .347924 = 34.7924% as 34.8. Your Answer: Answer
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