Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN: 9781337635653
Author: Leach
Publisher: Cengage
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Use the data given below.
Component
Profitability (Net income/Sales)
2015 2014
9.20% 13.30%
Productivity (Sales/Average assets) 1.41% 1.32%
Compute the company's ROA for 2015.
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Transcribed Image Text:Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.
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