Multiple Choice
What is the return on assets (ROA) for a firm that has a debt ratio of 0.65, a return on sales of 6.5%, sales of $740,000, and a total asset turnover of 4?
A) 26.0%
B) 16.9%
C) 6.5%
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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