Thompson Aggrotech has a return on equity of 14.85 percent, a debt-equity ratio of 0.65, and a total asset turnover of 1.1. What is the return on assets?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1Q: Define each of the following terms: Liquidity ratios: current ratio; quick, or acid test,...
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Thompson Aggrotech has a return on equity of 14.85 percent, a debt-equity ratio of 0.65, and a total asset turnover of 1.1. What is the return on assets?

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