Last year's sales for Abrar Bhd was RM10 million. Itsassets turnover ratio was 4 times and net

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Last year's sales for Abrar Bhd was RM10 million. Itsassets turnover ratio was 4 times and net profit after tax was RM2 million.

What is thecompany's return on assets for the year?

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Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

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Posted Date: Jun 24, 2023 07:06 AM

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Last year's sales for Abrar Bhd was RM10 million. Itsassets turnover ratio was 4 times and net

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To calculate the return on assets ROA we need to divide the net profit after tax by the aver... View the full answer

Financial Reporting Financial Statement Analysis and Valuation

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