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A company has: ⚫ Net income: $8,000,000 ⚫ Total assets: $25,000,000 ⚫ Total debt: $10,000,000 Calculate the company's Return on Assets.

A company has: ⚫ Net income: $8,000,000 ⚫ Total assets: $25,000,000 ⚫ Total debt: $10,000,000 Calculate the company's Return on Assets.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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A company has: ⚫ Net income: $8,000,000 ⚫ Total assets: $25,000,000 ⚫ Total debt: $10,000,000 Calculate the company's Return on Assets.
Transcribed Image Text:A company has: ⚫ Net income: $8,000,000 ⚫ Total assets: $25,000,000 ⚫ Total debt: $10,000,000 Calculate the company's Return on Assets.
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