Fixed assets                                     267.5 million Sales                                                1,100.0 million Net Income                                     52.0 million Current liabilities                             106.8 million Current ratio                                    3.10x Days sales outstanding                   41.25 days  Return on equity                             12.50% Compute the return on assets.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Fixed assets                                     267.5 million

Sales                                                1,100.0 million

Net Income                                     52.0 million

Current liabilities                             106.8 million

Current ratio                                    3.10x

Days sales outstanding                   41.25 days 

Return on equity                             12.50%

Compute the return on assets. 

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