Question: Given the following data: Annual Sales = $1,000,000, Total Assets = $750,000; Common Equity = $600,000 Net income (NI) = $135,000; EBIT = $200,000; Calculate

Given the following data: Annual Sales = $1,000,000, Total Assets = $750,000; Common Equity = $600,000 Net income (NI) = $135,000; EBIT = $200,000; Calculate the Return on assets (ROA) ratio: If the Industry Average for the ratio 15%: then this ratio is:

	Poor
	Equal to industry average
	Need more data
	Good

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