Calculate afton return on assets and return on equity


Problem:

Last fiscal year, Afton Machinery had the following financial statement data:

Sales/Assets 2.10
Net Income/EBIT 0.65
EBIT/Sales 0.10
Assets/Equity 3.00

Calculate Afton's return on assets and return on equity.

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Accounting Basics: Calculate afton return on assets and return on equity
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