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    Exam 3: Cash Flows and Financial Analysis
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    Smart Motors' Return on Sales Is 3 Percent and Its
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Smart Motors' Return on Sales Is 3 Percent and Its

Question 109

Question 109

Essay

Smart Motors' return on sales is 3 percent and its total asset turnover is 2.2. What is Smart's ROA?

Correct Answer:

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ROA = ROS × Total as...

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