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A firm has: Net income $12,000,000 Total assets $30,000,000 Total debt $12,000,000 Required: What is the firm's Return on Assets?

A firm has: Net income $12,000,000 Total assets $30,000,000 Total debt $12,000,000 Required: What is the firm's Return on Assets?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter2: Financial Statements, Cash Flow, And Taxes
Section2.8: Performance Evaluation
Problem 1ST
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A firm has: Net income $12,000,000 Total assets $30,000,000 Total debt $12,000,000 Required: What is the firm's Return on Assets?
Transcribed Image Text:A firm has: Net income $12,000,000 Total assets $30,000,000 Total debt $12,000,000 Required: What is the firm's Return on Assets?
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