If Randolph Co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1.5x,

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If Randolph Co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1.5x, what is its ROA?

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Interpreting and Analyzing Financial Statements

ISBN: 978-0132746243

6th edition

Authors: Karen P. Schoenebeck, Mark P. Holtzman

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Posted Date: Apr 17, 2023 02:34 AM

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If Randolph Co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1.5x,

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I The return on assets is the ratio of net income tot he total assets used by the fi... View the full answer

Interpreting and Analyzing Financial Statements

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