Valley Agricultural Co. has a return on equity of 15.4 percent, a debt-equity ratio of 0.85, and an operating margin of 11%. Calculate the return on assets.
Valley Agricultural Co. has a return on equity of 15.4 percent, a debt-equity ratio of 0.85, and an operating margin of 11%. Calculate 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:Valley Agricultural Co. has a return on equity of
15.4 percent, a debt-equity ratio of 0.85, and an
operating margin of 11%. Calculate the return on
assets.
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