Given the following information for the Duke Tire Company, find ROA (Return on Assets): Debt ratio (DA) = 0.37 Total asset turnover ratio (S/A) = 1.54 Sales (S) = $10,000 Net profit margin = 0.07

Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7DQ: From the Google Finance site, use the DuPont analysis to determine the total assets turnover ratio...
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Given the following information for the Duke Tire Company, find ROA
(Return on Assets):
Debt ratio (DA) = 0.37
Total asset turnover ratio (S/A) = 1.54
Sales (S) = $10,000
Net profit margin = 0.07
Transcribed Image Text:Given the following information for the Duke Tire Company, find ROA (Return on Assets): Debt ratio (DA) = 0.37 Total asset turnover ratio (S/A) = 1.54 Sales (S) = $10,000 Net profit margin = 0.07
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