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?
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 6P
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Transcribed Image Text: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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