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The Inside Door has total debt of $198,200, total equity of $343,560, and a return on equity of 15.15%. What is the return on assets (ROA)? a) 9.14 % b) 8.26% c) 11.45% d) 9.61 % e) 9.48 %

The Inside Door has total debt of $198,200, total equity of $343,560, and a return on equity of 15.15%. What is the return on assets (ROA)? a) 9.14 % b) 8.26% c) 11.45% d) 9.61 % e) 9.48 %

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 16PROB
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The Inside Door has total debt of $198,200, total equity of $343,560, and a return on equity of 15.15%. What is the return on assets (ROA)? a) 9.14 % b) 8.26% c) 11.45% d) 9.61 % e) 9.48 %
Transcribed Image Text:The Inside Door has total debt of $198,200, total equity of $343,560, and a return on equity of 15.15%. What is the return on assets (ROA)? a) 9.14 % b) 8.26% c) 11.45% d) 9.61 % e) 9.48 %
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