Multiple Choice
DJ's Soda Fountain has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $20 million, total debt = $3 million, debt ratio = 75 percent, ROE = 27 percent. Using this information, what is DJ's ROA?
A) .0675 percent
B) 6.75 percent
C) 25.00 percent
D) 27.00 percent
Correct Answer:
Verified
Correct Answer:
Verified
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