Velocity Auto Parts Inc. has the following financial information: • Debt Ratio (DA) = 0.40 • • • Total Asset Turnover Ratio (S/A) = 1.60 = Sales ($) $12,500 Net Profit Margin = 0.08 Calculate the Return on Assets (ROA) for Velocity Auto Parts Inc.
Velocity Auto Parts Inc. has the following financial information: • Debt Ratio (DA) = 0.40 • • • Total Asset Turnover Ratio (S/A) = 1.60 = Sales ($) $12,500 Net Profit Margin = 0.08 Calculate the Return on Assets (ROA) for Velocity Auto Parts Inc.
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7DQ: From the Google Finance site, use the DuPont analysis to determine the total assets turnover ratio...
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Please give me correct answer this financial accounting question

Transcribed Image Text:Velocity Auto Parts Inc. has the following financial information:
•
Debt Ratio (DA) = 0.40
•
•
•
Total Asset Turnover Ratio (S/A) = 1.60
=
Sales ($) $12,500
Net Profit Margin = 0.08
Calculate the Return on Assets (ROA) for Velocity Auto Parts
Inc.
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