VFC Corp. had the net income of $118 million, taxes of $75 million, and the interest expense of $174 million in 2023. Its total revenues are $11,612 million. Its asset turnover ratio is 0.83. What is its Return on Assets?
VFC Corp. had the net income of $118 million, taxes of $75 million, and the interest expense of $174 million in 2023. Its total revenues are $11,612 million. Its asset turnover ratio is 0.83. What is its Return on Assets?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...
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