Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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White Waters, Inc., has sales of $28 million, total assets of $36 million, and total debt of $11 million with a 6% average interest rate. If the profit margin is 14 percent, the ROA is ______ %. Round it to two decimal places.
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