A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 17.3%. Sales were $1,810,000, the total debt ration was .35, and total debt was $663,000. What is the return on assets (ROA)? (DO NOT round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16) Return on assets ?
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 17.3%. Sales were $1,810,000, the total debt ration was .35, and total debt was $663,000. What is the return on assets (ROA)? (DO NOT round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16) Return on assets ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 17.3%. Sales were $1,810,000, the total debt ration was .35, and total debt was $663,000.
What is the return on assets (ROA)? (DO NOT round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
Return on assets ? %
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