General accounting Eastwood Industries has a return on equity of 18.75%, a debt-equity ratio of 0.5, and a profit margin of 7.5%. What is the returnon assets for Eastwood Industries?

Step 1: Definition of Return on Assets (ROA)Return on assets (ROA) is a financial ratio that…

Answered: Eastwood Industries has a return on…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 10P

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Eastwood Industries has a return on equity of 18.75%, a debt- equity ratio of 0.5, and a profit margin of 7.5%. What is the return on assets for Eastwood Industries?