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Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN: 9781305635937
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Can you please give me correct answer the general accounting question?

Transcribed Image Text:Given the following information for the Duke Tire Company, find ROA
(Return on Assets):
Debt ratio (DA) = 0.37
Total asset turnover ratio (S/A) = 1.54
Sales (S) = $10,000
Net profit margin = 0.07
Expert Solution
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