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.

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

Section: Chapter Questions

Problem 1Q

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