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Prime Automotive Inc. has the following financial data: . Debt Ratio (DA): 0.42 . Total Asset Turnover Ratio (S/A): 1.75 . Sales (S): $12,500 Net Profit Margin: 0.08 What is the Return on Assets (ROA) for Prime Automotive Inc.?

Prime Automotive Inc. has the following financial data: . Debt Ratio (DA): 0.42 . Total Asset Turnover Ratio (S/A): 1.75 . Sales (S): $12,500 Net Profit Margin: 0.08 What is the Return on Assets (ROA) for Prime Automotive Inc.?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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Answer? ? Financial accounting

Prime Automotive Inc. has the following financial data: . Debt Ratio (DA): 0.42 . Total Asset Turnover Ratio (S/A): 1.75 . Sales (S): $12,500 Net Profit Margin: 0.08 What is the Return on Assets (ROA) for Prime Automotive Inc.?
Transcribed Image Text:Prime Automotive Inc. has the following financial data: . Debt Ratio (DA): 0.42 . Total Asset Turnover Ratio (S/A): 1.75 . Sales (S): $12,500 Net Profit Margin: 0.08 What is the Return on Assets (ROA) for Prime Automotive Inc.?
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