You have found the return on equity to be 143 percent sales


A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 14.3 percent. Sales were $1,735,000, the total debt ratio was 0.35, and total debt was $648,000.

What is the Return on Assets?

 

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Finance Basics: You have found the return on equity to be 143 percent sales
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