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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)
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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Calculate the return on assets

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