Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
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Use the data given below.

Use the data given below.
Component
Profitability (Net income/Sales)
2015 2014
9.20% 13.30%
Productivity (Sales/Average assets) 1.41% 1.32%
Compute the company's ROA for 2015.
Transcribed Image Text:Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.
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