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QUESTION
Given the following information for the Duke Tire Company, find ROA (Return on Assets): Debt ratio (D/A) = 0.26 (expressed as a decimal) Total asset...
Given the following information for the Duke Tire Company, find ROA (Return on Assets):
- Debt ratio (D/A) = 0.26 (expressed as a decimal)
- Total asset turnover ratio (S/A) = 1.82
- Sales (S) = $10,000
- Net profit margin = 0.07 (expressed as a decimal)
Record your answer as a percent rounded to one decimal place, but do not include a percent sign in your answer. For example, record .347924 = 34.7924% as 34.8.
